Short Interest in Draco Evolution AI ETF (NYSEARCA:DRAI) Rises By 2,607.5%

Draco Evolution AI ETF (NYSEARCA:DRAI) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 1,083 shares, a growth of 2,607.5% from the April 15th total of 40 shares. Based on an average daily volume of 1,829 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the stock are sold short.

Draco Evolution AI ETF Price Performance

Shares of DRAI stock traded up $0.16 during trading hours on Wednesday, hitting $35.44. The stock had a trading volume of 9,680 shares, compared to its average volume of 4,429. The stock has a market capitalization of $22.68 million, a price-to-earnings ratio of 28.62 and a beta of 1.08. Draco Evolution AI ETF has a one year low of $24.13 and a one year high of $35.65. The stock’s 50-day moving average price is $30.96 and its two-hundred day moving average price is $30.67.

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.