First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) Stock Short Interest Report for October

First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 27,207 shares, a decrease of 96.6% from the September 30th total of 791,535 shares. Based on an average trading volume of 77,482 shares, the short-interest ratio is currently 0.4 days. Currently, 0.6% of the shares of the company are short sold.

First Trust Bloomberg Artificial Intelligence ETF Price Performance

NYSEARCA FAI opened at $54.32 on Tuesday. The business has a fifty day moving average price of $55.27 and a two-hundred day moving average price of $48.32. The stock has a market capitalization of $258.02 million, a PE ratio of 33.52 and a beta of 2.11. First Trust Bloomberg Artificial Intelligence ETF has a fifty-two week low of $35.54 and a fifty-two week high of $59.21.

Hedge Funds Weigh In On First Trust Bloomberg Artificial Intelligence ETF

Several institutional investors have recently added to or reduced their stakes in FAI. Centaurus Financial Inc. increased its holdings in shares of First Trust Bloomberg Artificial Intelligence ETF by 0.7% in the first quarter. Centaurus Financial Inc. now owns 46,351 shares of the company’s stock worth $1,724,000 after purchasing an additional 333 shares during the period. Chicago Partners Investment Group LLC lifted 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 buying an additional 677 shares during the period. Tucker Asset Management LLC bought a new position in shares of First Trust Bloomberg Artificial Intelligence ETF in the 2nd quarter worth about $100,000. Cetera Investment Advisers increased its stake in First Trust Bloomberg Artificial Intelligence ETF by 8.6% during the 1st quarter. Cetera Investment Advisers now owns 28,224 shares of the company’s stock valued at $1,050,000 after purchasing an additional 2,238 shares in the last quarter. Finally, Brookstone Capital Management bought a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF in the 3rd quarter worth $215,000.

About First Trust Bloomberg Artificial Intelligence ETF

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.