Short Interest in First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) Drops By 93.1%

Posted by Donna Armstrong on Jun 27th, 2026

First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 21,943 shares, a drop of 93.1% from the May 31st total of 316,987 shares. Based on an average trading volume of 33,038 shares, the days-to-cover ratio is currently 0.7 days. Approximately 2.1% of the shares of the stock are short sold.

First Trust Bloomberg Artificial Intelligence ETF Trading Down 1.1%

NYSEARCA:FAI traded down $0.60 during midday trading on Friday, hitting $51.98. 49,723 shares of the stock were exchanged, compared to its average volume of 19,405. The company has a market capitalization of $54.58 million, a price-to-earnings ratio of 33.52 and a beta of 2.07. First Trust Bloomberg Artificial Intelligence ETF has a one year low of $34.42 and a one year high of $58.27. The business has a 50-day moving average price of $50.80 and a two-hundred day moving average price of $43.91.

Institutional Trading of First Trust Bloomberg Artificial Intelligence ETF

Several institutional investors have recently modified their holdings of the company. RPS Advisory Solutions LLC bought a new position in First Trust Bloomberg Artificial Intelligence ETF during the fourth quarter valued at about $785,000. Advisory Services Network LLC bought a new stake in First Trust Bloomberg Artificial Intelligence ETF in the third quarter worth about $88,000. Arax Advisory Partners bought a new stake in First Trust Bloomberg Artificial Intelligence ETF in the fourth quarter worth about $33,000. Cetera Investment Advisers lifted its holdings in First Trust Bloomberg Artificial Intelligence ETF by 8.6% in the 1st quarter. Cetera Investment Advisers now owns 28,224 shares of the company’s stock valued at $1,050,000 after acquiring an additional 2,238 shares during the last quarter. Finally, Centaurus Financial Inc. lifted its holdings in First Trust Bloomberg Artificial Intelligence ETF by 0.7% in the 1st quarter. Centaurus Financial Inc. now owns 46,351 shares of the company’s stock valued at $1,724,000 after acquiring an additional 333 shares during the last quarter.

First Trust Bloomberg Artificial Intelligence ETF Company Profile

(Get Free Report)

The First Trust Bloomberg Artificial Intelligence ETF (FAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of companies in the artificial intelligence AI industry. It comprises the top 50 securities globally by revenue and themes assessments. FAI was launched on Nov 20, 2024 and is issued by First Trust.