Draco Evolution AI ETF (NYSEARCA:DRAI – Get Free Report) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 83 shares, a decrease of 85.2% from the August 15th total of 562 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 525 shares, the short-interest ratio is currently 0.2 days.
Draco Evolution AI ETF Stock Up 0.5%
Shares of NYSEARCA DRAI traded up $0.17 during trading on Friday, hitting $32.95. The company had a trading volume of 379 shares, compared to its average volume of 3,238. The stock has a fifty day simple moving average of $33.41 and a two-hundred day simple moving average of $32.79. Draco Evolution AI ETF has a fifty-two week low of $27.45 and a fifty-two week high of $36.03. The firm has a market capitalization of $20.76 million, a price-to-earnings ratio of 28.62 and a beta of 1.11.
Draco Evolution AI ETF Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were paid a $0.1381 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.55 dividend on an annualized basis and a yield of 1.7%. This is a boost from Draco Evolution AI ETF’s previous quarterly dividend of $0.02.
Draco Evolution AI ETF Company Profile
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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