LG QRAFT AI-Powered U.S. Large Cap Core ETF (NYSEARCA:LQAI) Sees Significant Increase in Short Interest

LG QRAFT AI-Powered U.S. Large Cap Core ETF (NYSEARCA:LQAI) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 266 shares, a growth of 198.9% from the June 30th total of 89 shares. Based on an average daily volume of 295 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.5% of the shares of the stock are sold short.

LG QRAFT AI-Powered U.S. Large Cap Core ETF Stock Performance

Shares of NYSEARCA:LQAI traded down $0.62 during midday trading on Monday, hitting $44.03. The company’s stock had a trading volume of 201 shares, compared to its average volume of 609. The business’s 50 day simple moving average is $46.25 and its 200 day simple moving average is $42.35. The company has a market cap of $2.20 million, a P/E ratio of 21.96 and a beta of 1.07. LG QRAFT AI-Powered U.S. Large Cap Core ETF has a 12-month low of $36.52 and a 12-month high of $48.26.

About LG QRAFT AI-Powered U.S. Large Cap Core ETF

The LG QRAFT AI-Powered U.S. Large Cap Core ETF (LQAI) is an exchange-traded fund that mostly invests in large cap equity. The fund actively manages a portfolio comprised of the top 100 large-cap US equities chosen with the aid of artificial intelligence. LQAI was launched on Nov 6, 2023 and is issued by Exchange Traded Concepts.