First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) Short Interest Up 187.7% in September

First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 23,300 shares, an increase of 187.7% from the August 31st total of 8,100 shares. Based on an average trading volume of 7,900 shares, the days-to-cover ratio is currently 2.9 days. Based on an average trading volume of 7,900 shares, the days-to-cover ratio is currently 2.9 days.

Institutional Trading of First Trust Bloomberg Artificial Intelligence ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC boosted its position in First Trust Bloomberg Artificial Intelligence ETF by 8.5% during the second quarter. Kingswood Wealth Advisors LLC now owns 15,370 shares of the company’s stock valued at $541,000 after purchasing an additional 1,204 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of First Trust Bloomberg Artificial Intelligence ETF by 28.4% in the 2nd quarter. Cetera Investment Advisers now owns 18,865 shares of the company’s stock valued at $665,000 after buying an additional 4,175 shares during the last quarter. Osaic Holdings Inc. grew 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 valued at $384,000 after buying an additional 9,140 shares in the last quarter. Jane Street Group LLC acquired a new position in First Trust Bloomberg Artificial Intelligence ETF during the first quarter worth $709,000. Finally, Centaurus Financial Inc. raised its position in First Trust Bloomberg Artificial Intelligence ETF by 392.5% during the second quarter. Centaurus Financial Inc. now owns 50,113 shares of the company’s stock worth $1,765,000 after acquiring an additional 39,937 shares in the last quarter.

First Trust Bloomberg Artificial Intelligence ETF Stock Down 0.5%

NYSEARCA FAI opened at $40.00 on Friday. The firm’s 50 day moving average is $37.89 and its 200-day moving average is $33.38. The company has a market capitalization of $26 million and a PE ratio of 33.52. First Trust Bloomberg Artificial Intelligence ETF has a 12-month low of $22.92 and a 12-month high of $43.84.

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.