First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) Sees Large Decrease in Short Interest

First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 449 shares, a decline of 95.7% from the December 15th total of 10,339 shares. Based on an average daily volume of 7,049 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 7,049 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of First Trust Bloomberg Artificial Intelligence ETF

A number of hedge funds have recently bought and sold shares of the business. Centaurus Financial Inc. boosted its position in First Trust Bloomberg Artificial Intelligence ETF by 392.5% in the second quarter. Centaurus Financial Inc. now owns 50,113 shares of the company’s stock worth $1,765,000 after purchasing an additional 39,937 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF during the 1st quarter worth $709,000. Redhawk Wealth Advisors Inc. bought a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF during the 3rd quarter worth $630,000. Osaic Holdings Inc. boosted its holdings in shares of First Trust Bloomberg Artificial Intelligence ETF by 517.3% in the 2nd 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, Envestnet Asset Management Inc. bought a new position in First Trust Bloomberg Artificial Intelligence ETF during the third quarter valued at about $219,000.

First Trust Bloomberg Artificial Intelligence ETF Stock Performance

NYSEARCA:FAI traded down $0.13 on Tuesday, hitting $42.24. The stock had a trading volume of 1,638 shares, compared to its average volume of 9,459. First Trust Bloomberg Artificial Intelligence ETF has a 1 year low of $22.92 and a 1 year high of $44.03. The firm’s fifty day simple moving average is $41.21 and its two-hundred day simple moving average is $39.28. The stock has a market cap of $33.79 million, a P/E ratio of 33.52 and a beta of 2.01.

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.