Draco Evolution AI ETF (NYSEARCA:DRAI) Short Interest Update
by Doug Wharley · The Cerbat GemDraco Evolution AI ETF (NYSEARCA:DRAI – Get Free Report) was the target of a large 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. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 525 shares, the days-to-cover ratio is currently 0.2 days.
Draco Evolution AI ETF Stock Up 0.5%
Shares of DRAI traded up $0.17 during mid-day trading on Friday, hitting $32.95. 330 shares of the company’s stock traded hands, compared to its average volume of 3,238. The firm has a market capitalization of $20.76 million, a P/E ratio of 28.62 and a beta of 1.11. The business’s 50-day moving average price is $33.43 and its 200-day moving average price is $32.79. Draco Evolution AI ETF has a 1 year low of $27.45 and a 1 year high of $36.03.
Draco Evolution AI ETF Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were given a dividend of $0.1381 per share. This represents a $0.55 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Monday, June 29th. This is an increase from Draco Evolution AI ETF’s previous quarterly dividend of $0.02.
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.