Short Interest in First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) Decreases By 98.4%

by · The Cerbat Gem

First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI – Get Free Report) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 22,512 shares, a decrease of 98.4% from the June 30th total of 1,389,759 shares. Based on an average daily trading volume, of 90,419 shares, the short-interest ratio is presently 0.2 days. Approximately 0.7% of the shares of the company are short sold.

First Trust Bloomberg Artificial Intelligence ETF Trading Down 1.7%

NYSEARCA:FAI opened at $48.69 on Friday. The firm has a market capitalization of $150.94 million, a PE ratio of 33.52 and a beta of 2.08. The stock has a 50 day moving average of $52.58 and a 200-day moving average of $45.37. First Trust Bloomberg Artificial Intelligence ETF has a 52 week low of $35.54 and a 52 week high of $58.27.

Hedge Funds Weigh In On First Trust Bloomberg Artificial Intelligence ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC boosted its position in shares of First Trust Bloomberg Artificial Intelligence ETF by 24.5% during the 1st quarter. Kestra Advisory Services LLC now owns 133,131 shares of the company’s stock valued at $4,952,000 after purchasing an additional 26,211 shares in the last quarter. Centaurus Financial Inc. grew its holdings in shares of First Trust Bloomberg Artificial Intelligence ETF by 0.7% during the first quarter. Centaurus Financial Inc. now owns 46,351 shares of the company’s stock valued at $1,724,000 after buying an additional 333 shares in the last quarter. Royal Bank of Canada grew its stake in First Trust Bloomberg Artificial Intelligence ETF by 6.5% during the 4th quarter. Royal Bank of Canada now owns 43,902 shares of the company’s stock valued at $1,803,000 after acquiring an additional 2,695 shares in the last quarter. Cetera Investment Advisers grew its position in 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 valued at $1,050,000 after purchasing an additional 2,238 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of First Trust Bloomberg Artificial Intelligence ETF in the first quarter worth $709,000.

First Trust Bloomberg Artificial Intelligence ETF Company Profile

(Get Free Report)

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.

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