First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) Shares Shorted: Short Interest Down 96.6% in October

Posted by Dante Gardener on Oct 26th, 2026

First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI – Get Free Report) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 27,207 shares, a drop of 96.6% from the September 30th total of 791,535 shares. Based on an average daily volume of 77,482 shares, the short-interest ratio is currently 0.4 days. Approximately 0.6% of the company’s stock are sold short.

Institutional Trading of First Trust Bloomberg Artificial Intelligence ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Park Avenue Securities LLC bought a new position in First Trust Bloomberg Artificial Intelligence ETF during the 3rd quarter valued at approximately $1,017,000. Apollon Wealth Management LLC purchased a new position in First Trust Bloomberg Artificial Intelligence ETF during the third quarter valued at $371,000. Atlas Private Wealth Advisors bought a new stake in First Trust Bloomberg Artificial Intelligence ETF in the third quarter worth $415,000. Sowell Financial Services LLC bought a new stake in First Trust Bloomberg Artificial Intelligence ETF in the third quarter worth $642,000. Finally, Brookstone Capital Management bought a new stake in First Trust Bloomberg Artificial Intelligence ETF in the third quarter worth $215,000.

First Trust Bloomberg Artificial Intelligence ETF Stock Up 1.2%

Shares of FAI stock traded up $0.63 during trading hours on Monday, hitting $53.87. 64,802 shares of the company’s stock traded hands, compared to its average volume of 40,454. The stock’s fifty day simple moving average is $55.27 and its two-hundred day simple moving average is $48.32. First Trust Bloomberg Artificial Intelligence ETF has a 12-month low of $35.54 and a 12-month high of $59.21. The stock has a market cap of $255.88 million, a price-to-earnings ratio of 33.52 and a beta of 2.11.

First Trust Bloomberg Artificial Intelligence ETF Company Profile

(Get Free Report)

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.