Short Interest in First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) Decreases By 29.0%

Posted by Doug Wharley on Mar 30th, 2026

First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI – Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 4,254 shares, a decline of 29.0% from the February 26th total of 5,990 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 6,092 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On First Trust Bloomberg Artificial Intelligence ETF

Large investors have recently modified their holdings of the business. BankPlus Trust Department acquired a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF during the 4th quarter worth about $25,000. International Assets Investment Management LLC acquired a new position in First Trust Bloomberg Artificial Intelligence ETF in the fourth quarter valued at about $33,000. Arax Advisory Partners acquired a new position in First Trust Bloomberg Artificial Intelligence ETF in the fourth quarter valued at about $33,000. CoreCap Advisors LLC purchased a new position in First Trust Bloomberg Artificial Intelligence ETF during the third quarter worth about $56,000. Finally, Advisory Services Network LLC purchased a new position in First Trust Bloomberg Artificial Intelligence ETF during the third quarter worth about $88,000.

First Trust Bloomberg Artificial Intelligence ETF Price Performance

FAI traded down $0.58 during trading hours on Monday, reaching $35.54. The company’s stock had a trading volume of 58,464 shares, compared to its average volume of 9,563. The stock has a market cap of $28.43 million, a PE ratio of 33.52 and a beta of 2.01. First Trust Bloomberg Artificial Intelligence ETF has a fifty-two week low of $22.92 and a fifty-two week high of $44.03. The business’s 50-day moving average is $39.65 and its 200-day moving average is $40.56.

First Trust Bloomberg Artificial Intelligence ETF Company Profile

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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.