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

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 78,500 shares, a growth of 92.4% from the February 13th total of 40,800 shares. Based on an average daily trading volume, of 74,100 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.8% of the shares of the stock are short sold.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Up 3.3 %

Shares of NASDAQ:ROBT traded up $1.36 during midday trading on Friday, hitting $42.68. 29,314 shares of the stock were exchanged, compared to its average volume of 75,941. The stock has a market cap of $441.74 million, a P/E ratio of 24.73 and a beta of 1.22. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a twelve month low of $36.91 and a twelve month high of $49.00. The company has a 50 day moving average price of $45.99 and a 200-day moving average price of $45.05.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Biltmore Family Office LLC increased its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 2.3% during the 3rd quarter. Biltmore Family Office LLC now owns 121,649 shares of the company’s stock worth $5,327,000 after purchasing an additional 2,708 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 3rd quarter worth about $4,146,000. Plotkin Financial Advisors LLC purchased a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 3rd quarter worth about $413,000. Benjamin Edwards Inc. purchased a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 3rd quarter worth about $3,029,000. Finally, MML Investors Services LLC grew its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 22.4% in the 3rd quarter. MML Investors Services LLC now owns 17,352 shares of the company’s stock valued at $760,000 after buying an additional 3,178 shares during the period.

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.