First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Short Interest Down 66.4% in July

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 20,744 shares, a decline of 66.4% from the June 30th total of 61,662 shares. Based on an average daily volume of 36,506 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the stock are short sold.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Performance

First Trust Nasdaq Artificial Intelligence and Robotics ETF stock traded up $0.84 on Monday, reaching $53.72. The company’s stock had a trading volume of 44,902 shares, compared to its average volume of 70,533. The company has a market cap of $703.73 million, a price-to-earnings ratio of 27.26 and a beta of 1.27. The business’s fifty day moving average price is $55.59 and its 200 day moving average price is $52.53. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a twelve month low of $44.01 and a twelve month high of $60.44.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.0094 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allied Private Wealth LLC acquired a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 2nd quarter valued at $29,000. Farther Finance Advisors LLC acquired a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the fourth quarter valued at $47,000. Bank of Montreal Can lifted its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 390.0% during the fourth quarter. Bank of Montreal Can now owns 980 shares of the company’s stock valued at $51,000 after acquiring an additional 780 shares during the period. Intesa Sanpaolo Wealth Management bought a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the fourth quarter valued at about $60,000. Finally, Advisory Services Network LLC acquired a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the third quarter worth about $62,000.

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.