First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) Short Interest Up 50.7% in August

First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 33,568 shares, an increase of 50.7% from the July 30th total of 22,279 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 31,656 shares, the days-to-cover ratio is currently 1.1 days.

First Trust Bloomberg Artificial Intelligence ETF Price Performance

NYSEARCA:FAI traded down $0.73 during mid-day trading on Tuesday, reaching $53.85. The stock had a trading volume of 4,263 shares, compared to its average volume of 33,885. The business’s 50 day moving average is $52.39 and its 200 day moving average is $47.52. First Trust Bloomberg Artificial Intelligence ETF has a fifty-two week low of $35.54 and a fifty-two week high of $58.27. The stock has a market cap of $169.63 million, a P/E ratio of 33.52 and a beta of 2.12.

Institutional Trading of First Trust Bloomberg Artificial Intelligence ETF

Several large investors have recently added to or reduced their stakes in the business. Centaurus Financial Inc. raised its holdings in shares of First Trust Bloomberg Artificial Intelligence ETF by 0.7% during the 1st quarter. Centaurus Financial Inc. now owns 46,351 shares of the company’s stock valued at $1,724,000 after purchasing an additional 333 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in First Trust Bloomberg Artificial Intelligence ETF by 5.5% in the first quarter. Chicago Partners Investment Group LLC now owns 12,887 shares of the company’s stock worth $479,000 after purchasing an additional 677 shares in the last quarter. International Assets Investment Management LLC bought a new stake in First Trust Bloomberg Artificial Intelligence ETF in the fourth quarter worth $33,000. Arax Advisory Partners acquired a new position in First Trust Bloomberg Artificial Intelligence ETF during the fourth quarter worth $33,000. Finally, Harbour Investments Inc. increased its position in First Trust Bloomberg Artificial Intelligence ETF by 49.6% during the fourth quarter. Harbour Investments Inc. now owns 2,598 shares of the company’s stock worth $107,000 after buying an additional 861 shares during the last quarter.

First Trust Bloomberg Artificial Intelligence ETF Company Profile

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.