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

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 23,679 shares, a decrease of 39.1% from the April 30th total of 38,902 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 55,770 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On First Trust Nasdaq Artificial Intelligence and Robotics ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Investment Advisory Services LLC lifted its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 87.4% during the fourth quarter. Capital Investment Advisory Services LLC now owns 29,493 shares of the company’s stock valued at $1,530,000 after acquiring an additional 13,755 shares during the period. Banco Santander S.A. bought a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the third quarter worth about $2,956,000. WealthCare Investment Partners LLC acquired a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 4th quarter worth $715,000. Rockport Wealth LLC acquired a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the fourth quarter valued at $9,059,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 276.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 809,743 shares of the company’s stock valued at $41,999,000 after purchasing an additional 594,815 shares during the period.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Up 0.5%

First Trust Nasdaq Artificial Intelligence and Robotics ETF stock traded up $0.31 during trading hours on Thursday, hitting $59.55. The stock had a trading volume of 25,584 shares, compared to its average volume of 76,888. The company has a 50-day moving average of $51.67 and a two-hundred day moving average of $51.72. The company has a market cap of $780.11 million, a PE ratio of 27.26 and a beta of 1.24. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a fifty-two week low of $44.01 and a fifty-two week high of $60.44.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Company Profile

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.