Draco Evolution AI ETF (NYSEARCA:DRAI) Short Interest Up 108.4% in May

Draco Evolution AI ETF (NYSEARCA:DRAI) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 2,257 shares, an increase of 108.4% from the April 30th total of 1,083 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 7,427 shares, the days-to-cover ratio is currently 0.3 days.

Draco Evolution AI ETF Stock Performance

DRAI traded up $0.25 on Tuesday, reaching $36.03. 1,102 shares of the company’s stock were exchanged, compared to its average volume of 4,397. The company’s 50 day moving average is $32.52 and its 200-day moving average is $31.14. The company has a market cap of $23.06 million, a price-to-earnings ratio of 28.62 and a beta of 1.08. Draco Evolution AI ETF has a twelve month low of $25.42 and a twelve month high of $36.03.

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.