Short Interest in Draco Evolution AI ETF (NYSEARCA:DRAI) Expands By 2,607.5%

Draco Evolution AI ETF (NYSEARCA:DRAI) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 1,083 shares, a growth of 2,607.5% from the April 15th total of 40 shares. Based on an average daily volume of 1,829 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are short sold.

Draco Evolution AI ETF Stock Up 0.4%

DRAI traded up $0.15 during mid-day trading on Monday, reaching $35.58. 17,405 shares of the company traded hands, compared to its average volume of 4,347. The company’s fifty day moving average price is $30.86 and its 200-day moving average price is $30.63. The stock has a market capitalization of $22.77 million, a P/E ratio of 28.62 and a beta of 1.08. Draco Evolution AI ETF has a 52-week low of $24.00 and a 52-week high of $35.65.

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.