Defiance AI and Power Infrastructure ETF (NASDAQ:AIPO) Sees Significant Growth in Short Interest

Defiance AI and Power Infrastructure ETF (NASDAQ:AIPO) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 963,400 shares, a growth of 138.5% from the May 31st total of 404,020 shares. Approximately 7.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,707,715 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Defiance AI and Power Infrastructure ETF

A hedge fund recently raised its position in Defiance AI and Power Infrastructure ETF stock. AdvisorNet Financial Inc lifted its stake in shares of Defiance AI and Power Infrastructure ETF (NASDAQ:AIPO) by 119.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,100 shares of the company’s stock after buying an additional 6,050 shares during the period. AdvisorNet Financial Inc owned about 0.11% of Defiance AI and Power Infrastructure ETF worth $277,000 at the end of the most recent quarter.

Defiance AI and Power Infrastructure ETF Price Performance

Shares of AIPO traded up $0.58 on Tuesday, reaching $33.13. The company’s stock had a trading volume of 935,571 shares, compared to its average volume of 775,779. Defiance AI and Power Infrastructure ETF has a twelve month low of $19.17 and a twelve month high of $34.79. The company has a fifty day moving average of $31.97.

Defiance AI & Power Infrastructure ETF (NASDAQ: AIPO) is a thematic exchange-traded fund offered by Defiance ETFs that seeks to provide investors with exposure to companies operating at the intersection of artificial intelligence and power infrastructure. The fund targets firms involved in the development, production and deployment of AI technologies alongside businesses that design, build or operate electric power systems and related infrastructure.

Holdings typically span technology and industrial sectors, including companies that supply AI hardware and software, semiconductors and data-center infrastructure, as well as utilities, grid modernization firms, renewable energy developers and companies focused on transmission, distribution and energy storage.