First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Sees Large Drop in Short Interest

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 13,862 shares, a decrease of 59.4% from the July 30th total of 34,137 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 42,983 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Performance

First Trust Nasdaq Artificial Intelligence and Robotics ETF stock opened at $60.57 on Friday. The company has a 50 day moving average price of $56.44 and a 200 day moving average price of $53.28. 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 firm has a market capitalization of $793.47 million, a price-to-earnings ratio of 27.26 and a beta of 1.27.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Dividend Announcement

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

Hedge Funds Weigh In On First Trust Nasdaq Artificial Intelligence and Robotics ETF

Hedge funds have recently modified their holdings of the stock. Allied Private Wealth LLC purchased a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the second quarter worth $29,000. Farther Finance Advisors LLC purchased a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the fourth quarter valued at about $47,000. Bank of Montreal Can increased its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 390.0% in the 4th quarter. Bank of Montreal Can now owns 980 shares of the company’s stock worth $51,000 after purchasing an additional 780 shares during the last quarter. Intesa Sanpaolo Wealth Management acquired a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 4th quarter worth about $60,000. Finally, Advisory Services Network LLC acquired a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 3rd quarter worth about $62,000.

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.