Draco Evolution AI ETF (NYSEARCA:DRAI) Short Interest Update

Draco Evolution AI ETF (NYSEARCA:DRAI) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 493 shares, a decline of 78.2% from the May 14th total of 2,257 shares. Based on an average daily volume of 4,104 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Draco Evolution AI ETF Stock Performance

NYSEARCA:DRAI traded down $0.24 on Wednesday, hitting $33.77. The stock had a trading volume of 1,732 shares, compared to its average volume of 4,396. The stock has a market cap of $21.61 million, a P/E ratio of 28.62 and a beta of 1.09. Draco Evolution AI ETF has a 1 year low of $25.62 and a 1 year high of $36.03. The firm’s fifty day simple moving average is $33.24 and its two-hundred day simple moving average is $31.33.

About Draco Evolution AI ETF

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.