ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Short Interest Up 495.2% in May

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 553,318 shares, a growth of 495.2% from the May 14th total of 92,960 shares. Based on an average daily volume of 351,718 shares, the short-interest ratio is currently 1.6 days. Currently, 2.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Archer Investment Corp acquired a new position in shares of ROBO Global Robotics & Automation ETF during the 4th quarter worth approximately $30,000. Atlas Capital Advisors Inc. acquired a new stake in shares of ROBO Global Robotics & Automation ETF during the 4th quarter worth $39,000. Strive Financial Group LLC acquired a new stake in shares of ROBO Global Robotics & Automation ETF during the 4th quarter worth $264,000. Farther Finance Advisors LLC grew its holdings in shares of ROBO Global Robotics & Automation ETF by 15.5% during the 4th quarter. Farther Finance Advisors LLC now owns 5,200 shares of the company’s stock worth $360,000 after purchasing an additional 699 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of ROBO Global Robotics & Automation ETF by 14.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,805 shares of the company’s stock worth $402,000 after purchasing an additional 726 shares in the last quarter.

ROBO Global Robotics & Automation ETF Stock Performance

NYSEARCA ROBO traded down $3.49 during trading on Wednesday, hitting $79.50. The stock had a trading volume of 719,672 shares, compared to its average volume of 228,348. The company has a market capitalization of $1.74 billion, a PE ratio of 23.13 and a beta of 1.40. The company’s 50-day moving average price is $80.98 and its two-hundred day moving average price is $75.23. ROBO Global Robotics & Automation ETF has a 12 month low of $55.84 and a 12 month high of $90.51.

About ROBO Global Robotics & Automation ETF

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.