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

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) saw a significant decline in short interest in January. As of January 15th, there was short interest totaling 37,499 shares, a decline of 43.0% from the December 31st total of 65,812 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 84,093 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 84,093 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Trading of First Trust Nasdaq Artificial Intelligence and Robotics ETF

Several institutional investors and hedge funds have recently bought and sold shares of ROBT. Armstrong Advisory Group Inc. acquired a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the third quarter worth about $27,000. Root Financial Partners LLC purchased a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the third quarter worth about $28,000. Ameritas Advisory Services LLC purchased a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 2nd quarter worth approximately $29,000. Hazlett Burt & Watson Inc. purchased a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 3rd quarter valued at $42,000. Finally, New England Capital Financial Advisors LLC grew its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 31.0% in the second quarter. New England Capital Financial Advisors LLC now owns 977 shares of the company’s stock valued at $47,000 after purchasing an additional 231 shares during the period.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Down 2.6%

Shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF stock traded down $1.36 on Friday, reaching $51.90. The stock had a trading volume of 82,516 shares, compared to its average volume of 87,586. The company has a 50 day moving average price of $53.19 and a 200 day moving average price of $52.46. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 1 year low of $34.38 and a 1 year high of $56.64. The stock has a market capitalization of $682.49 million, a P/E ratio of 27.26 and a beta of 1.23.

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.