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 decrease in short interest during the month of September. As of September 15th, there was short interest totaling 8,232 shares, a decrease of 93.9% from the August 31st total of 134,998 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 21,465 shares, the days-to-cover ratio is presently 0.4 days.

First Trust Bloomberg Artificial Intelligence ETF Stock Up 0.2%

First Trust Bloomberg Artificial Intelligence ETF stock traded up $0.10 during trading hours on Thursday, hitting $56.79. The stock had a trading volume of 23,520 shares, compared to its average volume of 33,106. The company has a 50-day moving average of $53.32 and a two-hundred day moving average of $49.49. First Trust Bloomberg Artificial Intelligence ETF has a fifty-two week low of $35.54 and a fifty-two week high of $58.27. The company has a market cap of $198.76 million, a PE ratio of 33.52 and a beta of 2.13.

Institutional Investors Weigh In On First Trust Bloomberg Artificial Intelligence ETF

Hedge funds have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. bought a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF in the 2nd quarter valued at about $239,000. Envestnet Asset Management Inc. bought a new position in First Trust Bloomberg Artificial Intelligence ETF during the 2nd quarter worth approximately $12,763,000. Bullseye Investment Management LLC bought a new position in First Trust Bloomberg Artificial Intelligence ETF during the 2nd quarter worth approximately $8,062,000. RFG Advisory LLC acquired a new position in First Trust Bloomberg Artificial Intelligence ETF during the second quarter valued at approximately $959,000. Finally, IFP Advisors Inc acquired a new position in First Trust Bloomberg Artificial Intelligence ETF during the second quarter valued at approximately $665,000.

First Trust Bloomberg Artificial Intelligence ETF Company Profile

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.