Short Interest in ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Declines By 74.9%

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 80,538 shares, a drop of 74.9% from the August 15th total of 320,824 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 247,615 shares, the short-interest ratio is currently 0.3 days.

ROBO Global Robotics & Automation ETF Stock Down 2.2%

ROBO traded down $1.76 on Monday, reaching $77.35. The company had a trading volume of 149,342 shares, compared to its average volume of 211,171. ROBO Global Robotics & Automation ETF has a 1 year low of $62.80 and a 1 year high of $90.51. The stock has a market capitalization of $1.93 billion, a PE ratio of 23.13 and a beta of 1.41. The stock has a 50-day moving average price of $80.91 and a 200-day moving average price of $79.93.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Compass Financial Management LLC acquired a new stake in shares of ROBO Global Robotics & Automation ETF in the second quarter valued at about $27,000. Capital Square LLC acquired a new position in ROBO Global Robotics & Automation ETF during the second quarter worth about $276,000. Allied Private Wealth LLC purchased a new position in ROBO Global Robotics & Automation ETF in the second quarter valued at about $81,000. Noble Wealth Management PBC increased its holdings in ROBO Global Robotics & Automation ETF by 105.6% in the second quarter. Noble Wealth Management PBC now owns 4,688 shares of the company’s stock valued at $402,000 after buying an additional 2,408 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in ROBO Global Robotics & Automation ETF by 5.1% in the first quarter. Janney Montgomery Scott LLC now owns 6,100 shares of the company’s stock valued at $417,000 after buying an additional 295 shares in 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.