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

Draco Evolution AI ETF (NYSEARCA:DRAI) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 420 shares, an increase of 230.7% from the June 15th total of 127 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 2,075 shares, the days-to-cover ratio is presently 0.2 days.

Draco Evolution AI ETF Stock Performance

DRAI stock opened at $33.79 on Monday. The stock has a market cap of $21.29 million, a P/E ratio of 28.62 and a beta of 1.10. Draco Evolution AI ETF has a twelve month low of $27.34 and a twelve month high of $36.03. The company’s 50 day moving average is $34.61 and its two-hundred day moving average is $31.87.

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.