First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Short Interest Down 32.7% in March

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 52,800 shares, a decline of 32.7% from the February 28th total of 78,500 shares. Based on an average daily volume of 68,900 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.5% of the company’s shares are sold short.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Down 2.8 %

Shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF stock traded down $1.18 during mid-day trading on Friday, hitting $41.23. The stock had a trading volume of 47,697 shares, compared to its average volume of 63,652. The firm has a market cap of $426.73 million, a P/E ratio of 24.89 and a beta of 1.22. The firm has a 50-day moving average of $45.44 and a two-hundred day moving average of $45.14. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 12-month low of $36.91 and a 12-month high of $49.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Ameriflex Group Inc. acquired a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 4th quarter valued at $27,000. Sherman Asset Management Inc. acquired a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the fourth quarter valued at about $46,000. Elevation Wealth Partners LLC acquired a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the fourth quarter valued at about $49,000. First Horizon Advisors Inc. purchased a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the fourth quarter worth about $49,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 126.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,265 shares of the company’s stock valued at $57,000 after acquiring an additional 707 shares during the last quarter.

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.