Short Interest in Draco Evolution AI ETF (NYSEARCA:DRAI) Expands By 2,607.5%

Draco Evolution AI ETF (NYSEARCA:DRAIGet Free Report) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,083 shares, an increase of 2,607.5% from the April 15th total of 40 shares. Based on an average daily trading volume, of 1,829 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are short sold.

Draco Evolution AI ETF Stock Performance

Shares of Draco Evolution AI ETF stock traded up $0.15 on Monday, hitting $35.58. 17,405 shares of the company’s stock were exchanged, compared to its average volume of 4,347. The company has a 50-day simple moving average of $30.86 and a 200-day simple moving average of $30.63. The stock has a market capitalization of $22.77 million, a PE ratio of 28.62 and a beta of 1.08. Draco Evolution AI ETF has a 1 year low of $24.00 and a 1 year high of $35.65.

About Draco Evolution AI ETF

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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.

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