Short Interest in Draco Evolution AI ETF (NYSEARCA:DRAI) Increases By 108.4%

Draco Evolution AI ETF (NYSEARCA:DRAI) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 2,257 shares, a growth of 108.4% from the April 30th total of 1,083 shares. Based on an average trading volume of 7,427 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the shares of the stock are short sold.

Draco Evolution AI ETF Price Performance

NYSEARCA DRAI opened at $35.65 on Monday. The company has a 50-day simple moving average of $32.39 and a two-hundred day simple moving average of $31.10. Draco Evolution AI ETF has a 12-month low of $25.09 and a 12-month high of $36.01. The firm has a market cap of $22.82 million, a price-to-earnings ratio of 28.62 and a beta of 1.08.

About Draco Evolution AI ETF

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.