Draco Evolution AI ETF (NYSEARCA:DRAI) Sees Large Decrease in Short Interest

Draco Evolution AI ETF (NYSEARCA:DRAIGet Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 493 shares, a drop of 78.2% from the May 14th total of 2,257 shares. Based on an average daily volume of 4,104 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Draco Evolution AI ETF Stock Up 1.4%

Shares of DRAI stock traded up $0.47 during trading hours on Thursday, hitting $34.07. 420 shares of the company’s stock traded hands, compared to its average volume of 4,361. The stock’s fifty day simple moving average is $33.43 and its two-hundred day simple moving average is $31.39. Draco Evolution AI ETF has a 12-month low of $25.62 and a 12-month high of $36.03. The stock has a market cap of $21.80 million, a price-to-earnings ratio of 28.62 and a beta of 1.09.

Draco Evolution AI ETF Company Profile

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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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