First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) Short Interest Update

First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 21,943 shares, a decrease of 93.1% from the May 31st total of 316,987 shares. Based on an average daily trading volume, of 33,038 shares, the short-interest ratio is currently 0.7 days. Approximately 2.1% of the company’s shares are sold short.

First Trust Bloomberg Artificial Intelligence ETF Stock Performance

FAI stock traded down $0.23 during midday trading on Friday, hitting $52.35. 24,013 shares of the company’s stock were exchanged, compared to its average volume of 19,189. First Trust Bloomberg Artificial Intelligence ETF has a one year low of $34.42 and a one year high of $58.27. The company has a market cap of $54.97 million, a PE ratio of 33.52 and a beta of 2.07. The stock’s fifty day moving average price is $50.62 and its 200-day moving average price is $43.85.

Institutional Investors Weigh In On First Trust Bloomberg Artificial Intelligence ETF

Several large investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in First Trust Bloomberg Artificial Intelligence ETF in the 1st quarter valued at $709,000. Cetera Investment Advisers boosted its position in shares of First Trust Bloomberg Artificial Intelligence ETF by 28.4% during the second quarter. Cetera Investment Advisers now owns 18,865 shares of the company’s stock worth $665,000 after buying an additional 4,175 shares during the period. Osaic Holdings Inc. grew its holdings in shares of First Trust Bloomberg Artificial Intelligence ETF by 517.3% during the second quarter. Osaic Holdings Inc. now owns 10,907 shares of the company’s stock worth $384,000 after buying an additional 9,140 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in First Trust Bloomberg Artificial Intelligence ETF in the 3rd quarter valued at approximately $219,000. Finally, Advisory Services Network LLC bought a new stake in First Trust Bloomberg Artificial Intelligence ETF in the 3rd quarter valued at approximately $88,000.

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.