Short Interest in Draco Evolution AI ETF (NYSEARCA:DRAI) Grows By 84.6%

Draco Evolution AI ETF (NYSEARCA:DRAI) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 8,330 shares, an increase of 84.6% from the December 15th total of 4,513 shares. Based on an average trading volume of 6,083 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.2% of the company’s shares are sold short. Approximately 1.2% of the company’s shares are sold short. Based on an average trading volume of 6,083 shares, the days-to-cover ratio is currently 1.4 days.

Draco Evolution AI ETF Trading Up 0.1%

NYSEARCA:DRAI traded up $0.02 on Friday, reaching $30.71. 2,887 shares of the stock traded hands, compared to its average volume of 7,226. Draco Evolution AI ETF has a 1-year low of $21.63 and a 1-year high of $31.26. The company’s 50 day moving average is $30.64 and its 200-day moving average is $29.45. The firm has a market capitalization of $22.11 million, a price-to-earnings ratio of 28.62 and a beta of 1.05.

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.