Short Interest in Draco Evolution AI ETF (NYSEARCA:DRAI) Decreases By 78.2%

Draco Evolution AI ETF (NYSEARCA:DRAI) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 493 shares, a drop of 78.2% from the May 14th total of 2,257 shares. Based on an average daily trading volume, of 4,104 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Draco Evolution AI ETF Stock Performance

Shares of NYSEARCA DRAI traded up $0.05 during trading on Friday, hitting $34.12. The company had a trading volume of 2,540 shares, compared to its average volume of 4,344. The stock has a 50 day simple moving average of $33.53 and a 200 day simple moving average of $31.41. The firm has a market capitalization of $21.84 million, a P/E ratio of 28.62 and a beta of 1.09. Draco Evolution AI ETF has a 12 month low of $25.62 and a 12 month high of $36.03.

About Draco Evolution AI ETF

The Draco Evolution AI ETF (DRAI) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed, fund-of-funds, investing in diverse asset classes such as US equities, gold, bonds, and currencies. The portfolio may include inverse and leveraged exposure DRAI was launched on Jul 10, 2024 and is issued by Draco.