DRAI

Draco Evolution AI ETF

$30.31

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The Draco Evolution AI ETF (DRAI) seeks to provide exposure to companies that are developing or utilizing artificial intelligence (AI) technologies across various industries.

Overview

ETF tracking Draco Evolution AI ETF

Category Volatility

Issuer Other

Inception Date 2024-07-10

Market Cap $16.7M

Average Volume N/A

Dividend Yield 2.12%

52-Week Range $21.63 - $30.96

VWAP $30.26

Performance

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Investment Summary

📎 Investment Objective

The Draco Evolution AI ETF (DRAI) seeks to provide exposure to companies that are developing or utilizing artificial intelligence (AI) technologies across various industries.

🎯 Investment Strategy

The ETF invests in a portfolio of companies that are actively involved in the research, development, or application of AI-based solutions. The fund's holdings are selected and weighted based on their potential to benefit from the growth and adoption of AI technologies.

✨ Key Features

Focuses on companies at the forefront of AI innovation and implementation
Aims to provide exposure to the long-term growth potential of the AI industry
Utilizes an active management approach to identify promising AI-driven companies
Diversified across sectors and market capitalizations

⚠️ Primary Risks

Volatility risk: As an AI-focused fund, DRAI may experience higher-than-average price fluctuations
Concentration risk: The fund's performance is tied to the success of the AI industry, which may be subject to rapid changes and disruptions
Liquidity risk: The fund may invest in smaller or less-established companies, which could lead to reduced liquidity
Regulatory risk: Changes in government policies or regulations regarding AI development and deployment could impact the fund's holdings

👤 Best For

DRAI may be suitable for investors with a long-term investment horizon and a higher risk tolerance who are seeking exposure to the growth potential of the AI industry. Investors should be prepared for increased volatility and be comfortable with the risks associated with investing in emerging technologies.