Draco Evolution AI ETF (NYSEARCA:DRAI) Sees Significant Drop in Short Interest

Draco Evolution AI ETF (NYSEARCA:DRAI) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 83 shares, a decline of 85.2% from the August 15th total of 562 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 525 shares, the days-to-cover ratio is currently 0.2 days.

Draco Evolution AI ETF Stock Up 0.5%

DRAI stock traded up $0.17 during trading on Friday, hitting $32.95. 379 shares of the company’s stock traded hands, compared to its average volume of 3,238. The stock has a market capitalization of $20.76 million, a price-to-earnings ratio of 28.62 and a beta of 1.11. Draco Evolution AI ETF has a 52 week low of $27.45 and a 52 week high of $36.03. The stock has a fifty day moving average price of $33.41 and a two-hundred day moving average price of $32.79.

Draco Evolution AI ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were given a dividend of $0.1381 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from Draco Evolution AI ETF’s previous quarterly dividend of $0.02.

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.