ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Short Interest Up 149.0% in July

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 425,844 shares, an increase of 149.0% from the June 30th total of 170,988 shares. Based on an average trading volume of 183,029 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.7% of the company’s shares are sold short.

ROBO Global Robotics & Automation ETF Stock Performance

Shares of NYSEARCA:ROBO opened at $75.76 on Thursday. The firm has a market cap of $1.89 billion, a PE ratio of 23.13 and a beta of 1.40. The firm’s fifty day moving average is $83.43 and its 200-day moving average is $78.40. ROBO Global Robotics & Automation ETF has a 52 week low of $60.96 and a 52 week high of $90.51.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Archer Investment Corp bought a new stake in shares of ROBO Global Robotics & Automation ETF in the 4th quarter valued at about $30,000. Atlas Capital Advisors Inc. bought a new position in shares of ROBO Global Robotics & Automation ETF during the fourth quarter worth about $39,000. Allied Private Wealth LLC bought a new position in shares of ROBO Global Robotics & Automation ETF during the second quarter worth about $81,000. Strive Financial Group LLC bought a new position in shares of ROBO Global Robotics & Automation ETF during the fourth quarter worth about $264,000. Finally, Noble Wealth Management PBC lifted its stake in shares of ROBO Global Robotics & Automation ETF by 105.6% in the second quarter. Noble Wealth Management PBC now owns 4,688 shares of the company’s stock worth $402,000 after acquiring an additional 2,408 shares during the period.

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.