First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Short Interest Update

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 34,137 shares, an increase of 64.6% from the July 15th total of 20,744 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 42,426 shares, the short-interest ratio is currently 0.8 days.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Down 1.6%

NASDAQ ROBT traded down $0.94 during trading hours on Tuesday, reaching $58.68. The company had a trading volume of 38,117 shares, compared to its average volume of 68,375. The stock has a market capitalization of $768.71 million, a P/E ratio of 27.26 and a beta of 1.27. The stock has a 50-day moving average of $55.80 and a 200 day moving average of $52.86. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 1-year low of $44.01 and a 1-year high of $60.97.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid 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.

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

Hedge funds have recently made changes to their positions in the stock. Accel Wealth Management grew its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 12.8% in the 2nd quarter. Accel Wealth Management now owns 5,314 shares of the company’s stock valued at $299,000 after acquiring an additional 601 shares in the last quarter. Allied Private Wealth LLC acquired a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the second quarter worth about $29,000. NewEdge Advisors LLC boosted its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 0.9% in the first quarter. NewEdge Advisors LLC now owns 26,484 shares of the company’s stock valued at $1,222,000 after purchasing an additional 234 shares during the period. Bank of America Corp DE boosted its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 14.3% in the first quarter. Bank of America Corp DE now owns 492,874 shares of the company’s stock valued at $22,751,000 after purchasing an additional 61,725 shares during the period. Finally, Arkadios Wealth Advisors grew its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 32.4% in the first quarter. Arkadios Wealth Advisors now owns 22,082 shares of the company’s stock valued at $1,019,000 after purchasing an additional 5,400 shares in 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.