First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Stock Short Interest Report for October

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 33,679 shares, an increase of 114.1% from the September 30th total of 15,732 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 47,546 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Bank of America Corp DE raised its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 14.3% in the 1st quarter. Bank of America Corp DE now owns 492,874 shares of the company’s stock worth $22,751,000 after purchasing an additional 61,725 shares during the period. Envestnet Asset Management Inc. boosted its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 23.6% during the second quarter. Envestnet Asset Management Inc. now owns 285,440 shares of the company’s stock valued at $16,059,000 after buying an additional 54,416 shares during the period. Gateway Wealth Partners LLC boosted its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 107.4% during the first quarter. Gateway Wealth Partners LLC now owns 89,946 shares of the company’s stock valued at $4,152,000 after buying an additional 46,582 shares during the period. D.A. Davidson & CO. purchased a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the third quarter valued at about $1,036,000. Finally, Royal Bank of Canada grew its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 8.4% during the first quarter. Royal Bank of Canada now owns 225,517 shares of the company’s stock valued at $10,410,000 after buying an additional 17,495 shares during the last quarter.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Price Performance

NASDAQ:ROBT traded down $2.43 during midday trading on Friday, hitting $55.82. The company’s stock had a trading volume of 32,233 shares, compared to its average volume of 60,503. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a fifty-two week low of $44.01 and a fifty-two week high of $61.72. The firm has a market cap of $722.87 million, a P/E ratio of 27.26 and a beta of 1.30. The firm’s 50 day moving average is $58.72 and its 200-day moving average is $54.48.

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.