First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Stock Short Interest Falls 59.9%

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 9,464 shares, a decline of 59.9% from the August 31st total of 23,606 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 43,174 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Down 1.5%

Shares of NASDAQ:ROBT traded down $0.88 during mid-day trading on Monday, reaching $58.89. The stock had a trading volume of 31,354 shares, compared to its average volume of 63,116. The firm has a 50 day simple moving average of $57.87 and a two-hundred day simple moving average of $54.48. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a twelve month low of $44.01 and a twelve month high of $60.97. The firm has a market cap of $771.46 million, a PE ratio of 27.26 and a beta of 1.28.

Institutional Investors Weigh In On First Trust Nasdaq Artificial Intelligence and Robotics ETF

Several hedge funds have recently bought and sold shares of the company. Bank of America Corp DE raised its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 14.3% during the 1st quarter. Bank of America Corp DE now owns 492,874 shares of the company’s stock worth $22,751,000 after buying an additional 61,725 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 23.6% in the second quarter. Envestnet Asset Management Inc. now owns 285,440 shares of the company’s stock worth $16,059,000 after acquiring an additional 54,416 shares in the last quarter. Gateway Wealth Partners LLC lifted its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 107.4% during the 1st quarter. Gateway Wealth Partners LLC now owns 89,946 shares of the company’s stock valued at $4,152,000 after purchasing an additional 46,582 shares in the last quarter. Royal Bank of Canada grew its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 8.4% in the 1st quarter. Royal Bank of Canada now owns 225,517 shares of the company’s stock valued at $10,410,000 after purchasing an additional 17,495 shares during the period. Finally, Independent Financial Group LLC acquired a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 1st quarter valued at approximately $519,000.

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.