First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) Stock Short Interest Report for September

First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 791,535 shares, an increase of 9,515.3% from the September 15th total of 8,232 shares. Currently, 18.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 96,304 shares, the short-interest ratio is presently 8.2 days.

First Trust Bloomberg Artificial Intelligence ETF Trading Up 1.2%

NYSEARCA:FAI opened at $58.36 on Friday. First Trust Bloomberg Artificial Intelligence ETF has a 12 month low of $35.54 and a 12 month high of $59.21. The business’s 50-day moving average is $55.12 and its 200 day moving average is $50.82. The company has a market capitalization of $250.95 million, a P/E ratio of 33.52 and a beta of 2.11.

Institutional Trading of First Trust Bloomberg Artificial Intelligence ETF

Several hedge funds have recently made changes to their positions in the business. Centaurus Financial Inc. lifted its stake in First Trust Bloomberg Artificial Intelligence ETF by 0.7% in the first quarter. Centaurus Financial Inc. now owns 46,351 shares of the company’s stock worth $1,724,000 after purchasing an additional 333 shares during the last quarter. Chicago Partners Investment Group LLC grew its stake in First Trust Bloomberg Artificial Intelligence ETF by 5.5% during the 1st quarter. Chicago Partners Investment Group LLC now owns 12,887 shares of the company’s stock worth $479,000 after buying an additional 677 shares during the last quarter. Tucker Asset Management LLC purchased a new position in First Trust Bloomberg Artificial Intelligence ETF during the 2nd quarter worth $100,000. Cetera Investment Advisers increased its position in First Trust Bloomberg Artificial Intelligence ETF by 8.6% during the 1st quarter. Cetera Investment Advisers now owns 28,224 shares of the company’s stock valued at $1,050,000 after buying an additional 2,238 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in First Trust Bloomberg Artificial Intelligence ETF during the 2nd quarter valued at about $239,000.

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.