Short Interest in First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Increases By 70.3%

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 23,606 shares, an increase of 70.3% from the August 15th total of 13,862 shares. Based on an average daily trading volume, of 35,427 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company’s stock are sold short.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Down 0.3%

Shares of ROBT stock traded down $0.17 during trading hours on Wednesday, hitting $57.65. 21,814 shares of the company were exchanged, compared to its average volume of 64,803. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 52 week low of $44.01 and a 52 week high of $60.97. The business has a 50 day moving average of $57.24 and a two-hundred day moving average of $53.97. The company has a market capitalization of $755.22 million, a PE ratio of 27.26 and a beta of 1.28.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.0094 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC grew its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 0.9% during the 1st quarter. NewEdge Advisors LLC now owns 26,484 shares of the company’s stock valued at $1,222,000 after purchasing an additional 234 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 3.2% during the first quarter. Bessemer Group Inc. now owns 8,095 shares of the company’s stock worth $374,000 after buying an additional 250 shares during the last quarter. Apollon Financial LLC increased its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 4.2% during the first quarter. Apollon Financial LLC now owns 12,589 shares of the company’s stock worth $581,000 after buying an additional 507 shares in the last quarter. Allied Private Wealth LLC bought a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 2nd quarter valued at $29,000. Finally, Accel Wealth Management lifted its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 12.8% in the 2nd quarter. Accel Wealth Management now owns 5,314 shares of the company’s stock valued at $299,000 after acquiring an additional 601 shares during the last quarter.

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.