First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI – Get Free Report) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 33,568 shares, a growth of 50.7% from the July 30th total of 22,279 shares. Based on an average daily trading volume, of 31,656 shares, the short-interest ratio is presently 1.1 days. Approximately 1.1% of the company’s stock are short sold.
First Trust Bloomberg Artificial Intelligence ETF Stock Performance
Shares of NYSEARCA FAI traded down $0.73 during mid-day trading on Tuesday, reaching $53.85. 4,263 shares of the company traded hands, compared to its average volume of 33,885. The stock has a market cap of $169.63 million, a PE ratio of 33.52 and a beta of 2.12. The company’s fifty day moving average is $52.39 and its two-hundred day moving average is $47.52. First Trust Bloomberg Artificial Intelligence ETF has a fifty-two week low of $35.54 and a fifty-two week high of $58.27.
Institutional Investors Weigh In On First Trust Bloomberg Artificial Intelligence ETF
A number of large investors have recently added to or reduced their stakes in FAI. Kestra Advisory Services LLC grew its holdings in First Trust Bloomberg Artificial Intelligence ETF by 42.3% during the fourth quarter. Kestra Advisory Services LLC now owns 106,920 shares of the company’s stock valued at $4,391,000 after purchasing an additional 31,809 shares during the last quarter. Jane Street Group LLC bought a new position in shares of First Trust Bloomberg Artificial Intelligence ETF in the first quarter valued at approximately $709,000. RPS Advisory Solutions LLC acquired a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF in the fourth quarter worth $785,000. Osaic Holdings Inc. lifted its stake in shares of First Trust Bloomberg Artificial Intelligence ETF by 517.3% in the second quarter. Osaic Holdings Inc. now owns 10,907 shares of the company’s stock worth $384,000 after buying an additional 9,140 shares during the last quarter. Finally, Acorn Financial Advisory Services Inc. ADV acquired a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF in the fourth quarter worth $348,000.
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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