Short Interest in First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Expands By 258.8%

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 38,902 shares, a growth of 258.8% from the April 15th total of 10,843 shares. Based on an average daily volume of 46,784 shares, the short-interest ratio is currently 0.8 days. Currently, 0.3% of the company’s shares are sold short.

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

Several large investors have recently added to or reduced their stakes in the business. LPL Financial LLC grew its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 6.9% during the fourth quarter. LPL Financial LLC now owns 956,667 shares of the company’s stock worth $49,619,000 after purchasing an additional 61,896 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 276.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 809,743 shares of the company’s stock worth $41,999,000 after acquiring an additional 594,815 shares in the last quarter. Bank of America Corp DE boosted its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 65.2% in the third quarter. Bank of America Corp DE now owns 407,423 shares of the company’s stock worth $21,549,000 after acquiring an additional 160,725 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 11.4% in the fourth quarter. Wells Fargo & Company MN now owns 378,459 shares of the company’s stock worth $19,629,000 after acquiring an additional 38,641 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 6.2% in the fourth quarter. Royal Bank of Canada now owns 208,022 shares of the company’s stock worth $10,790,000 after acquiring an additional 12,163 shares in the last quarter.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Down 1.4%

NASDAQ ROBT traded down $0.75 during trading hours on Friday, hitting $53.68. 36,625 shares of the company’s stock were exchanged, compared to its average volume of 79,971. The stock has a 50-day simple moving average of $49.58 and a 200 day simple moving average of $51.54. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 1-year low of $43.55 and a 1-year high of $56.64. The firm has a market cap of $703.21 million, a price-to-earnings ratio of 27.26 and a beta of 1.24.

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.