Draco Evolution AI ETF (NYSEARCA:DRAI) Sees Large Increase in Short Interest

Draco Evolution AI ETF (NYSEARCA:DRAI) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 420 shares, a growth of 230.7% from the June 15th total of 127 shares. Based on an average daily volume of 2,075 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Draco Evolution AI ETF Stock Up 0.3%

NYSEARCA:DRAI opened at $33.60 on Wednesday. The company has a market cap of $21.17 million, a P/E ratio of 28.62 and a beta of 1.10. The firm’s 50 day moving average is $34.61 and its two-hundred day moving average is $31.91. Draco Evolution AI ETF has a fifty-two week low of $27.34 and a fifty-two week 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.