ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Shares Shorted: Short Interest Up 270.5% in October

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 7,780 shares, an increase of 270.5% from the October 15th total of 2,100 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 23,208 shares, the short-interest ratio is currently 0.3 days.

ROBO Global Artificial Intelligence ETF Trading Down 1.3%

NYSEARCA THNQ traded down $1.12 during mid-day trading on Thursday, hitting $83.56. The company’s stock had a trading volume of 58,089 shares, compared to its average volume of 27,443. ROBO Global Artificial Intelligence ETF has a twelve month low of $55.58 and a twelve month high of $102.49. The firm has a market capitalization of $416.13 million, a price-to-earnings ratio of 35.76 and a beta of 1.52. The company’s 50 day simple moving average is $91.27 and its 200 day simple moving average is $80.03.

Institutional Investors Weigh In On ROBO Global Artificial Intelligence ETF

A hedge fund recently raised its stake in ROBO Global Artificial Intelligence ETF stock. Valley Wealth Managers Inc. boosted its position in ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) by 20.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 22,048 shares of the company’s stock after purchasing an additional 3,736 shares during the period. Valley Wealth Managers Inc. owned about 0.43% of ROBO Global Artificial Intelligence ETF worth $2,142,000 as of its most recent SEC filing.

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.