First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) Short Interest Update

First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 3,856 shares, an increase of 103.5% from the January 15th total of 1,895 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 7,240 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 7,240 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the shares of the company are short sold.

First Trust Bloomberg Artificial Intelligence ETF Stock Performance

First Trust Bloomberg Artificial Intelligence ETF stock opened at $39.14 on Friday. First Trust Bloomberg Artificial Intelligence ETF has a one year low of $22.92 and a one year high of $44.03. The stock has a fifty day moving average of $41.24 and a 200 day moving average of $40.10. The stock has a market cap of $31.31 million, a PE ratio of 33.52 and a beta of 2.01.

Hedge Funds Weigh In On First Trust Bloomberg Artificial Intelligence ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. BankPlus Trust Department purchased a new stake in First Trust Bloomberg Artificial Intelligence ETF during the fourth quarter valued at approximately $25,000. International Assets Investment Management LLC purchased a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF in the 4th quarter worth $33,000. CoreCap Advisors LLC bought a new position in First Trust Bloomberg Artificial Intelligence ETF in the 3rd quarter worth $56,000. Advisory Services Network LLC bought a new position in First Trust Bloomberg Artificial Intelligence ETF in the 3rd quarter worth $88,000. Finally, Harbour Investments Inc. lifted its position in First Trust Bloomberg Artificial Intelligence ETF by 49.6% during the fourth quarter. Harbour Investments Inc. now owns 2,598 shares of the company’s stock valued at $107,000 after purchasing an additional 861 shares in the last quarter.

About First Trust Bloomberg Artificial Intelligence ETF

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.