Draco Evolution AI ETF (NYSEARCA:DRAI) Shares Shorted: Short Interest Up 1,750.0% in October

Draco Evolution AI ETF (NYSEARCA:DRAI) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 37 shares, an increase of 1,750.0% from the September 30th total of 2 shares. Based on an average trading volume of 4,094 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Draco Evolution AI ETF Stock Down 0.1%

Shares of DRAI traded down $0.04 during mid-day trading on Wednesday, reaching $32.55. The company had a trading volume of 270 shares, compared to its average volume of 3,001. The stock has a 50 day moving average of $32.94 and a two-hundred day moving average of $32.42. Draco Evolution AI ETF has a 52-week low of $27.45 and a 52-week high of $36.03. The stock has a market capitalization of $21.15 million, a P/E ratio of 28.62 and a beta of 1.11.

Draco Evolution AI ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were issued a $0.1169 dividend. This represents a $0.47 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, September 28th. This is a decrease from Draco Evolution AI ETF’s previous quarterly dividend of $0.1381.

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.