Draco Evolution AI ETF (NYSEARCA:DRAI) Short Interest Update

Draco Evolution AI ETF (NYSEARCA:DRAI) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 4,200 shares, an increase of 121.1% from the September 30th total of 1,900 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.7% of the company’s shares are short sold.

Draco Evolution AI ETF Price Performance

Draco Evolution AI ETF stock opened at $30.57 on Friday. The stock’s 50-day moving average is $29.10 and its 200-day moving average is $27.10. The company has a market cap of $20.48 million, a price-to-earnings ratio of 28.62 and a beta of 1.05. Draco Evolution AI ETF has a 12 month low of $21.63 and a 12 month high of $31.09.

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.