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

First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 33,568 shares, an increase of 50.7% from the July 30th total of 22,279 shares. Based on an average trading volume of 31,656 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.1% of the shares of the stock are short sold.

First Trust Bloomberg Artificial Intelligence ETF Trading Down 0.2%

NYSEARCA:FAI opened at $53.44 on Thursday. First Trust Bloomberg Artificial Intelligence ETF has a twelve month low of $35.54 and a twelve month high of $58.27. The company has a 50-day moving average of $52.45 and a 200-day moving average of $47.72. The firm has a market cap of $168.34 million, a price-to-earnings ratio of 33.52 and a beta of 2.13.

Institutional Trading of First Trust Bloomberg Artificial Intelligence ETF

A number of large investors have recently added to or reduced their stakes in FAI. Citadel Advisors LLC bought a new position in shares of First Trust Bloomberg Artificial Intelligence ETF in the second quarter valued at $544,000. Tucker Asset Management LLC bought a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF during the 2nd quarter worth $100,000. Centaurus Financial Inc. grew its holdings in shares of First Trust Bloomberg Artificial Intelligence ETF by 0.7% in the 1st quarter. Centaurus Financial Inc. now owns 46,351 shares of the company’s stock worth $1,724,000 after acquiring an additional 333 shares during the last quarter. Cetera Investment Advisers raised its position in shares of First Trust Bloomberg Artificial Intelligence ETF by 8.6% during the first quarter. Cetera Investment Advisers now owns 28,224 shares of the company’s stock worth $1,050,000 after purchasing an additional 2,238 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its holdings in shares of First Trust Bloomberg Artificial Intelligence ETF by 5.5% during the first quarter. Chicago Partners Investment Group LLC now owns 12,887 shares of the company’s stock valued at $479,000 after purchasing an additional 677 shares during the last quarter.

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.