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

Draco Evolution AI ETF (NYSEARCA:DRAI) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 83 shares, a drop of 85.2% from the August 15th total of 562 shares. Based on an average daily trading volume, of 525 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Draco Evolution AI ETF Trading Up 0.5%

Shares of DRAI stock traded up $0.17 during midday trading on Friday, reaching $32.95. 330 shares of the stock were exchanged, compared to its average volume of 3,238. Draco Evolution AI ETF has a 1 year low of $27.45 and a 1 year high of $36.03. The company’s 50 day moving average is $33.43 and its two-hundred day moving average is $32.79. The firm has a market cap of $20.76 million, a PE ratio of 28.62 and a beta of 1.11.

Draco Evolution AI ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were given a dividend of $0.1381 per share. This is a boost from Draco Evolution AI ETF’s previous quarterly dividend of $0.02. This represents a $0.55 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, June 29th.

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.