Xtrackers Artificial Intelligence and Big Data ETF (NASDAQ:XAIX) Sees Large Decline in Short Interest

Xtrackers Artificial Intelligence and Big Data ETF (NASDAQ:XAIX) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 22,838 shares, a drop of 51.3% from the April 30th total of 46,905 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 22,367 shares, the days-to-cover ratio is currently 1.0 days.

Xtrackers Artificial Intelligence and Big Data ETF Stock Performance

Shares of XAIX stock opened at $58.51 on Monday. Xtrackers Artificial Intelligence and Big Data ETF has a twelve month low of $34.67 and a twelve month high of $58.51. The stock has a fifty day simple moving average of $47.17 and a two-hundred day simple moving average of $44.22. The stock has a market capitalization of $152.71 million, a price-to-earnings ratio of 24.06 and a beta of 1.53.

About Xtrackers Artificial Intelligence and Big Data ETF

The Xtrackers Artificial Intelligence and Big Data ETF (XAIX) is an exchange-traded fund that is based on the Nasdaq Global AI and Big Data index. The fund tracks a market cap-weighted index of companies with exposure to the broad theme of artificial intelligence and big data. The funds selection process considers its tie to specific sub-themes and various factors. XAIX was launched on Aug 2, 2024 and is issued by Xtrackers.