First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) Short Interest Up 103.5% in January

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FAI. Redhawk Wealth Advisors Inc. purchased a new position in First Trust Bloomberg Artificial Intelligence ETF during the third quarter worth approximately $630,000. Centaurus Financial Inc. raised its stake in shares of First Trust Bloomberg Artificial Intelligence ETF by 392.5% during the 2nd quarter. Centaurus Financial Inc. now owns 50,113 shares of the company’s stock worth $1,765,000 after buying an additional 39,937 shares during the period. Acorn Financial Advisory Services Inc. ADV acquired a new position in shares of First Trust Bloomberg Artificial Intelligence ETF during the 4th quarter worth approximately $348,000. International Assets Investment Management LLC purchased a new position in shares of First Trust Bloomberg Artificial Intelligence ETF during the 4th quarter valued at approximately $33,000. Finally, RPS Advisory Solutions LLC acquired a new stake in First Trust Bloomberg Artificial Intelligence ETF in the 4th quarter valued at $785,000.

First Trust Bloomberg Artificial Intelligence ETF Stock Up 0.2%

Shares of NYSEARCA:FAI traded up $0.06 during trading on Friday, hitting $39.20. 6,756 shares of the stock traded hands, compared to its average volume of 10,752. The company has a fifty day moving average price of $41.19 and a two-hundred day moving average price of $40.14. First Trust Bloomberg Artificial Intelligence ETF has a 52-week low of $22.92 and a 52-week high of $44.03. The company has a market cap of $31.36 million, a price-to-earnings 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.