First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) Short Interest Update

First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 3,856 shares, an increase of 103.5% from the January 15th total of 1,895 shares. Based on an average trading volume of 7,240 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the shares of the stock are short sold. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 7,240 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of First Trust Bloomberg Artificial Intelligence ETF

Large investors have recently made changes to their positions in the business. Centaurus Financial Inc. lifted its holdings in shares of First Trust Bloomberg Artificial Intelligence ETF by 392.5% in the 2nd quarter. Centaurus Financial Inc. now owns 50,113 shares of the company’s stock valued at $1,765,000 after acquiring an additional 39,937 shares during the last quarter. Jane Street Group LLC purchased a new stake in First Trust Bloomberg Artificial Intelligence ETF during the first quarter valued at approximately $709,000. RPS Advisory Solutions LLC bought a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF in the 4th quarter valued at approximately $785,000. Redhawk Wealth Advisors Inc. purchased a new position in shares of First Trust Bloomberg Artificial Intelligence ETF in the 3rd quarter worth approximately $630,000. Finally, Osaic Holdings Inc. increased its position in shares of First Trust Bloomberg Artificial Intelligence ETF by 517.3% during the 2nd quarter. Osaic Holdings Inc. now owns 10,907 shares of the company’s stock valued at $384,000 after purchasing an additional 9,140 shares during the last quarter.

First Trust Bloomberg Artificial Intelligence ETF Stock Performance

NYSEARCA FAI opened at $39.14 on Friday. The stock has a 50 day moving average price of $41.24 and a 200-day moving average price of $40.10. First Trust Bloomberg Artificial Intelligence ETF has a one year low of $22.92 and a one year high of $44.03. The company has a market capitalization of $31.31 million, a P/E ratio of 33.52 and a beta of 2.01.

First Trust Bloomberg Artificial Intelligence ETF Company Profile

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.