First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI – Get Free Report) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 22,512 shares, a drop of 98.4% from the June 30th total of 1,389,759 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 90,419 shares, the short-interest ratio is currently 0.2 days.
Hedge Funds Weigh In On First Trust Bloomberg Artificial Intelligence ETF
Institutional investors have recently bought and sold shares of the business. BankPlus Trust Department bought a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF during the fourth quarter worth $25,000. International Assets Investment Management LLC acquired a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF in the fourth quarter valued at $33,000. Arax Advisory Partners bought a new position in shares of First Trust Bloomberg Artificial Intelligence ETF in the fourth quarter valued at about $33,000. Advisory Services Network LLC bought a new position in shares of First Trust Bloomberg Artificial Intelligence ETF in the third quarter valued at about $88,000. Finally, Harbour Investments Inc. lifted its position in First Trust Bloomberg Artificial Intelligence ETF by 49.6% during the 4th quarter. Harbour Investments Inc. now owns 2,598 shares of the company’s stock worth $107,000 after buying an additional 861 shares in the last quarter.
First Trust Bloomberg Artificial Intelligence ETF Price Performance
Shares of NYSEARCA:FAI traded down $0.85 during trading on Friday, reaching $48.69. The stock had a trading volume of 10,792 shares, compared to its average volume of 34,740. The stock has a market capitalization of $150.94 million, a PE ratio of 33.52 and a beta of 2.08. First Trust Bloomberg Artificial Intelligence ETF has a 52 week low of $35.54 and a 52 week high of $58.27. The business’s 50-day moving average price is $52.58 and its 200 day moving average price is $45.37.
First Trust Bloomberg Artificial Intelligence ETF Company Profile
The First Trust Bloomberg Artificial Intelligence ETF (FAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of companies in the artificial intelligence AI industry. It comprises the top 50 securities globally by revenue and themes assessments. FAI was launched on Nov 20, 2024 and is issued by First Trust.
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