ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Sees Significant Decline in Short Interest

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 16,409 shares, a drop of 42.2% from the May 31st total of 28,413 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 42,145 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Flow Traders U.S. LLC acquired a new stake in shares of ROBO Global Artificial Intelligence ETF in the third quarter valued at $1,333,000. Janney Montgomery Scott LLC purchased a new stake in ROBO Global Artificial Intelligence ETF during the 4th quarter worth about $281,000. NewEdge Advisors LLC acquired a new stake in ROBO Global Artificial Intelligence ETF in the 3rd quarter valued at about $159,000. Strategic Advocates LLC raised its position 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 purchasing an additional 1,255 shares in the last quarter. Finally, Cary Street Partners Financial LLC boosted its stake in shares of ROBO Global Artificial Intelligence ETF by 48.8% in the 4th quarter. Cary Street Partners Financial LLC now owns 11,137 shares of the company’s stock valued at $707,000 after buying an additional 3,652 shares during the period.

ROBO Global Artificial Intelligence ETF Price Performance

THNQ stock traded down $0.71 during midday trading on Wednesday, hitting $90.50. 45,947 shares of the stock traded hands, compared to its average volume of 22,096. The firm has a market cap of $409.96 million, a P/E ratio of 39.78 and a beta of 1.48. The stock’s fifty day simple moving average is $82.32 and its 200-day simple moving average is $69.95. ROBO Global Artificial Intelligence ETF has a 1-year low of $53.63 and a 1-year high of $93.59.

About ROBO Global Artificial Intelligence ETF

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.