Short Interest in First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) Grows By 302.2%

Posted by Jessica Moore on Sep 12th, 2026

First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI – Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 134,998 shares, an increase of 302.2% from the August 15th total of 33,568 shares. Currently, 4.3% of the shares of the company are short sold. Based on an average daily volume of 30,442 shares, the days-to-cover ratio is currently 4.4 days.

Hedge Funds Weigh In On First Trust Bloomberg Artificial Intelligence ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new stake in First Trust Bloomberg Artificial Intelligence ETF during the 4th quarter worth approximately $33,000. Arax Advisory Partners acquired a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF in the 4th quarter worth $33,000. Tucker Asset Management LLC acquired a new position in shares of First Trust Bloomberg Artificial Intelligence ETF during the second quarter worth about $100,000. Advisory Services Network LLC purchased a new position in First Trust Bloomberg Artificial Intelligence ETF during the third quarter worth about $88,000. Finally, Harbour Investments Inc. boosted its holdings in First Trust Bloomberg Artificial Intelligence ETF by 49.6% in the 4th quarter. Harbour Investments Inc. now owns 2,598 shares of the company’s stock valued at $107,000 after purchasing an additional 861 shares in the last quarter.

First Trust Bloomberg Artificial Intelligence ETF Trading Up 1.2%

Shares of NYSEARCA FAI opened at $54.39 on Friday. The stock has a market cap of $171.33 million, a P/E ratio of 33.52 and a beta of 2.13. First Trust Bloomberg Artificial Intelligence ETF has a twelve month low of $35.54 and a twelve month high of $58.27. The stock has a 50 day moving average of $52.72 and a two-hundred day moving average of $48.41.

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.