ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Large Growth in Short Interest

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 320,824 shares, an increase of 337.3% from the July 30th total of 73,369 shares. Based on an average daily volume of 164,776 shares, the short-interest ratio is presently 1.9 days. Currently, 1.3% of the shares of the company are sold short.

ROBO Global Robotics & Automation ETF Price Performance

ROBO stock traded up $1.01 during mid-day trading on Thursday, reaching $82.19. 498,416 shares of the company’s stock were exchanged, compared to its average volume of 217,375. The stock’s 50 day moving average is $81.96 and its 200 day moving average is $79.68. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 23.13 and a beta of 1.41. ROBO Global Robotics & Automation ETF has a 12-month low of $61.95 and a 12-month high of $90.51.

Institutional Trading of ROBO Global Robotics & Automation ETF

Institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC lifted its holdings in ROBO Global Robotics & Automation ETF by 1,820.6% during the 4th quarter. Advisory Services Network LLC now owns 11,831 shares of the company’s stock worth $820,000 after buying an additional 11,215 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of ROBO Global Robotics & Automation ETF by 424.1% in the third quarter. NewEdge Advisors LLC now owns 7,814 shares of the company’s stock valued at $512,000 after acquiring an additional 6,323 shares during the period. JPMorgan Chase & Co. boosted its stake in ROBO Global Robotics & Automation ETF by 280.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,006 shares of the company’s stock worth $359,000 after purchasing an additional 4,429 shares during the period. Strive Financial Group LLC acquired a new stake in shares of ROBO Global Robotics & Automation ETF during the fourth quarter worth about $264,000. Finally, Capital Square LLC purchased a new position in shares of ROBO Global Robotics & Automation ETF in the 2nd quarter valued at approximately $276,000.

ROBO Global Robotics & Automation ETF Company Profile

The Robo Global Robotics and Automation Index ETF (ROBO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a global index of companies involved in robotics and automation. The portfolio utilizes a tiered weighting strategy. ROBO was launched on Oct 22, 2013 and is managed by ROBO Global.