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

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

Institutional Trading of Defiance AI and Power Infrastructure ETF

A hedge fund recently raised its stake in Defiance AI and Power Infrastructure ETF stock. Parallel Advisors LLC increased its position in Defiance AI and Power Infrastructure ETF (NASDAQ:AIPO) by 4.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 97,580 shares of the company’s stock after purchasing an additional 4,324 shares during the quarter. Parallel Advisors LLC owned approximately 0.71% of Defiance AI and Power Infrastructure ETF worth $2,436,000 as of its most recent filing with the Securities & Exchange Commission.

Defiance AI and Power Infrastructure ETF Stock Up 2.1%

NASDAQ AIPO traded up $0.67 during trading on Monday, hitting $32.61. 837,853 shares of the company’s stock traded hands, compared to its average volume of 775,884. The business’s 50 day simple moving average is $31.89. Defiance AI and Power Infrastructure ETF has a 12-month low of $19.17 and a 12-month high of $34.79.

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.