ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Sees Significant Drop in Short Interest

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 4,547 shares, a decline of 24.7% from the December 31st total of 6,038 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 19,338 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 19,338 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On ROBO Global Artificial Intelligence ETF

Large investors have recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC bought a new stake in ROBO Global Artificial Intelligence ETF during the third quarter worth about $92,000. NewEdge Advisors LLC bought a new position in shares of ROBO Global Artificial Intelligence ETF during the third quarter worth $159,000. Arkadios Wealth Advisors acquired a new position in shares of ROBO Global Artificial Intelligence ETF in the 2nd quarter valued at approximately $213,000. Cary Street Partners Financial LLC bought a new position in ROBO Global Artificial Intelligence ETF during the 3rd quarter worth about $479,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of ROBO Global Artificial Intelligence ETF in the third quarter worth $1,333,000.

ROBO Global Artificial Intelligence ETF Stock Down 2.4%

ROBO Global Artificial Intelligence ETF stock traded down $1.55 during mid-day trading on Friday, hitting $64.36. 15,744 shares of the company’s stock traded hands, compared to its average volume of 18,247. ROBO Global Artificial Intelligence ETF has a one year low of $37.03 and a one year high of $69.30. The company has a market cap of $294.13 million, a PE ratio of 39.78 and a beta of 1.33. The firm has a 50 day moving average price of $64.92 and a 200 day moving average price of $62.83.

ROBO Global Artificial Intelligence ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were paid a $0.13 dividend. The ex-dividend date was Tuesday, December 30th. This represents a yield of 20.0%.

About ROBO Global Artificial Intelligence ETF

The Robo Global Artificial Intelligence ETF (THNQ) is an exchange-traded fund that is based on the ROBO Global Artificial Intelligence index. The fund tracks a global index of companies involved in developing the technology and the infrastructure of enabling artificial intelligence. THNQ was launched on May 11, 2020 and is managed by ROBO Global.