Short Interest in Draco Evolution AI ETF (NYSEARCA:DRAI) Rises By 84.6%

Draco Evolution AI ETF (NYSEARCA:DRAI) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 8,330 shares, an increase of 84.6% from the December 15th total of 4,513 shares. Based on an average daily trading volume, of 6,083 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.2% of the shares of the company are sold short. Currently, 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 6,083 shares, the days-to-cover ratio is presently 1.4 days.

Draco Evolution AI ETF Stock Up 0.5%

Draco Evolution AI ETF stock traded up $0.14 during trading hours on Thursday, hitting $30.73. The stock had a trading volume of 2,550 shares, compared to its average volume of 7,645. The company has a 50-day moving average of $30.62 and a two-hundred day moving average of $29.42. Draco Evolution AI ETF has a fifty-two week low of $21.63 and a fifty-two week high of $31.26. The company has a market cap of $22.13 million, a PE ratio of 28.62 and a beta of 1.05.

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.