Draco Evolution AI ETF (NYSEARCA:DRAI) Short Interest Up 121.1% in October

Draco Evolution AI ETF (NYSEARCA:DRAI) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 4,200 shares, an increase of 121.1% from the September 30th total of 1,900 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.7% of the shares of the stock are sold short.

Draco Evolution AI ETF Stock Up 0.4%

Draco Evolution AI ETF stock opened at $30.69 on Friday. Draco Evolution AI ETF has a 52-week low of $21.63 and a 52-week high of $31.09. The company has a market cap of $20.56 million, a price-to-earnings ratio of 28.62 and a beta of 1.05. The firm’s fifty day moving average is $29.16 and its 200 day moving average is $27.19.

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.