Short Interest in VistaShares Artificial Intelligence Supercycle ETF (NYSEARCA:AIS) Declines By 42.7%

VistaShares Artificial Intelligence Supercycle ETF (NYSEARCA:AIS) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 109,045 shares, a drop of 42.7% from the April 15th total of 190,332 shares. Based on an average daily volume of 356,275 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.8% of the shares of the stock are sold short.

Hedge Funds Weigh In On VistaShares Artificial Intelligence Supercycle ETF

Several hedge funds have recently modified their holdings of AIS. Beaumont Financial Advisors LLC increased its position in shares of VistaShares Artificial Intelligence Supercycle ETF by 71.7% during the 1st quarter. Beaumont Financial Advisors LLC now owns 351,420 shares of the company’s stock valued at $14,728,000 after purchasing an additional 146,691 shares during the period. NewEdge Advisors LLC acquired a new position in shares of VistaShares Artificial Intelligence Supercycle ETF during the 4th quarter valued at $2,136,000. Carter Financial Group INC. increased its position in shares of VistaShares Artificial Intelligence Supercycle ETF by 146.2% during the 1st quarter. Carter Financial Group INC. now owns 31,580 shares of the company’s stock valued at $1,324,000 after purchasing an additional 18,751 shares during the period. Marshall Wace LLP acquired a new position in shares of VistaShares Artificial Intelligence Supercycle ETF during the 4th quarter valued at $280,000. Finally, Creative Financial Designs Inc. ADV acquired a new position in shares of VistaShares Artificial Intelligence Supercycle ETF during the 4th quarter valued at $151,000. 39.67% of the stock is currently owned by institutional investors and hedge funds.

VistaShares Artificial Intelligence Supercycle ETF Stock Performance

Shares of AIS stock traded down $3.37 during mid-day trading on Friday, hitting $67.82. 467,257 shares of the stock traded hands, compared to its average volume of 220,106. VistaShares Artificial Intelligence Supercycle ETF has a twelve month low of $23.83 and a twelve month high of $71.60. The firm has a market cap of $408.95 million, a price-to-earnings ratio of -968.86 and a beta of 2.88. The company’s 50-day simple moving average is $51.36 and its 200-day simple moving average is $44.06.

VistaShares Artificial Intelligence Supercycle ETF Company Profile

The VistaShares Artificial Intelligence Supercycle ETF (AIS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, using an underlying index to identify and weight global AI companies in an investment portfolio. Companies may span in size, selection is based on thematic relevance and liquidity. AIS was launched on Oct 1, 2024 and is issued by VistaShares.