Draco Evolution AI ETF (NYSEARCA:DRAI) Sees Significant Increase in Short Interest

Draco Evolution AI ETF (NYSEARCA:DRAI) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 420 shares, a growth of 230.7% from the June 15th total of 127 shares. Based on an average daily volume of 2,075 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Draco Evolution AI ETF Stock Performance

Shares of NYSEARCA DRAI opened at $33.79 on Monday. The stock has a market capitalization of $21.29 million, a PE ratio of 28.62 and a beta of 1.10. Draco Evolution AI ETF has a twelve month low of $27.34 and a twelve month high of $36.03. The stock has a fifty day simple moving average of $34.61 and a 200-day simple moving average of $31.87.

Draco Evolution AI ETF Company Profile

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.