Draco Evolution AI ETF (NYSEARCA:DRAI) Shares Shorted: Short Interest Down 96.4% in September

Draco Evolution AI ETF (NYSEARCA:DRAI) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 3 shares, a decrease of 96.4% from the August 31st total of 83 shares. Based on an average daily volume of 954 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Draco Evolution AI ETF Trading Down 0.2%

Shares of DRAI stock traded down $0.05 during trading hours on Thursday, hitting $33.12. 70 shares of the company were exchanged, compared to its average volume of 3,113. The business has a 50 day moving average of $33.33 and a two-hundred day moving average of $33.01. Draco Evolution AI ETF has a 52 week low of $27.45 and a 52 week high of $36.03. The company has a market capitalization of $20.87 million, a PE ratio of 28.62 and a beta of 1.11.

Draco Evolution AI ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were paid a dividend of $0.1381 per share. The ex-dividend date was Monday, June 29th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.7%. This is a positive change from Draco Evolution AI ETF’s previous quarterly dividend of $0.0174.

Draco Evolution AI ETF Company Profile

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.