Short Interest in ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Drops By 63.9%

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 28,413 shares, a decrease of 63.9% from the May 14th total of 78,740 shares. Based on an average daily volume of 37,020 shares, the short-interest ratio is presently 0.8 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of THNQ. Flow Traders U.S. LLC purchased a new position in ROBO Global Artificial Intelligence ETF in the 3rd quarter valued at approximately $1,333,000. Cary Street Partners Financial LLC purchased a new position in ROBO Global Artificial Intelligence ETF in the 3rd quarter valued at approximately $479,000. Janney Montgomery Scott LLC purchased a new position in ROBO Global Artificial Intelligence ETF in the 4th quarter valued at approximately $281,000. NewEdge Advisors LLC purchased a new position in ROBO Global Artificial Intelligence ETF in the 3rd quarter valued at approximately $159,000. Finally, Strategic Advocates LLC grew its stake in ROBO Global Artificial Intelligence ETF by 4.2% in the 4th quarter. Strategic Advocates LLC now owns 31,314 shares of the company’s stock valued at $2,001,000 after buying an additional 1,255 shares in the last quarter.

ROBO Global Artificial Intelligence ETF Stock Performance

NYSEARCA THNQ traded up $0.54 on Friday, hitting $86.15. 29,124 shares of the stock traded hands, compared to its average volume of 21,493. The business’s fifty day moving average is $76.40 and its two-hundred day moving average is $67.96. ROBO Global Artificial Intelligence ETF has a 12 month low of $51.38 and a 12 month high of $93.59. The firm has a market capitalization of $390.26 million, a price-to-earnings ratio of 39.78 and a beta of 1.48.

ROBO Global Artificial Intelligence ETF Company Profile

The Robo Global Artificial Intelligence ETF (THNQ) is an exchange-traded fund that is based on the ROBO Global Artificial Intelligence index. The fund tracks a global index of companies involved in developing the technology and the infrastructure of enabling artificial intelligence. THNQ was launched on May 11, 2020 and is managed by ROBO Global.