ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Large Increase in Short Interest

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 170,988 shares, a growth of 132.7% from the June 15th total of 73,495 shares. Based on an average daily trading volume, of 240,304 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.7% of the shares of the stock are short sold.

ROBO Global Robotics & Automation ETF Trading Down 0.3%

NYSEARCA:ROBO traded down $0.23 during mid-day trading on Wednesday, reaching $80.55. 101,545 shares of the stock were exchanged, compared to its average volume of 224,609. The business has a fifty day moving average price of $84.87 and a 200 day moving average price of $77.89. ROBO Global Robotics & Automation ETF has a 1-year low of $59.90 and a 1-year high of $90.51. The firm has a market capitalization of $1.97 billion, a PE ratio of 23.13 and a beta of 1.40.

Hedge Funds Weigh In On ROBO Global Robotics & Automation ETF

Hedge funds have recently made changes to their positions in the business. Archer Investment Corp acquired a new stake in ROBO Global Robotics & Automation ETF during the fourth quarter valued at approximately $30,000. Atlas Capital Advisors Inc. acquired a new stake in shares of ROBO Global Robotics & Automation ETF during the 4th quarter valued at $39,000. Allied Private Wealth LLC bought a new stake in shares of ROBO Global Robotics & Automation ETF during the 2nd quarter worth $81,000. Strive Financial Group LLC bought a new stake in shares of ROBO Global Robotics & Automation ETF during the 4th quarter worth $264,000. Finally, NewEdge Advisors LLC grew its holdings in shares of ROBO Global Robotics & Automation ETF by 593.3% in the 1st quarter. NewEdge Advisors LLC now owns 6,441 shares of the company’s stock worth $332,000 after acquiring an additional 5,512 shares during the last quarter.

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.