First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Sees Large Decrease in Short Interest

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totalling 7,900 shares, a drop of 16.8% from the June 30th total of 9,500 shares. Based on an average daily volume of 59,600 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On First Trust Nasdaq Artificial Intelligence and Robotics ETF

Several large investors have recently added to or reduced their stakes in the stock. New England Capital Financial Advisors LLC lifted its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 90.0% in the 4th quarter. New England Capital Financial Advisors LLC now owns 741 shares of the company’s stock valued at $34,000 after purchasing an additional 351 shares during the last quarter. Adirondack Trust Co. bought a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the second quarter worth $49,000. North Star Investment Management Corp. purchased a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the first quarter worth $70,000. Sunbelt Securities Inc. increased its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 15.4% during the first quarter. Sunbelt Securities Inc. now owns 2,137 shares of the company’s stock valued at $97,000 after acquiring an additional 285 shares during the last quarter. Finally, CWM LLC increased its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 151.0% during the fourth quarter. CWM LLC now owns 3,097 shares of the company’s stock valued at $141,000 after acquiring an additional 1,863 shares during the last quarter.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Up 1.3 %

ROBT traded up $0.56 during trading hours on Friday, hitting $42.73. The company’s stock had a trading volume of 309,822 shares, compared to its average volume of 75,974. The stock has a market cap of $510.62 million, a price-to-earnings ratio of 29.47 and a beta of 1.22. The business’s 50-day moving average price is $42.86 and its 200-day moving average price is $43.65. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 12 month low of $36.38 and a 12 month high of $47.28.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a dividend of $0.0844 per share. This represents a $0.34 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Thursday, June 27th.

About First Trust Nasdaq Artificial Intelligence and Robotics ETF

The First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified equal-weighted index of all-cap, global companies involved in artificial intelligence or robotics. ROBT was launched on Feb 21, 2018 and is managed by First Trust.