First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Short Interest Up 109.5% in May

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 49,606 shares, an increase of 109.5% from the May 14th total of 23,679 shares. Based on an average trading volume of 55,252 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.4% of the company’s stock are sold short.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Down 0.4%

NASDAQ:ROBT traded down $0.24 during mid-day trading on Friday, reaching $55.14. The company’s stock had a trading volume of 34,239 shares, compared to its average volume of 77,476. The firm has a market capitalization of $722.33 million, a PE ratio of 27.26 and a beta of 1.27. The stock has a fifty day moving average of $53.04 and a 200-day moving average of $51.99. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 1 year low of $44.01 and a 1 year high of $60.44.

Institutional Trading of First Trust Nasdaq Artificial Intelligence and Robotics ETF

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. increased its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 2.8% during the second quarter. Raymond James Financial Inc. now owns 151,064 shares of the company’s stock valued at $7,296,000 after acquiring an additional 4,081 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 4.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 172,829 shares of the company’s stock worth $8,352,000 after purchasing an additional 6,731 shares during the period. Benjamin Edwards Inc. grew its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 49.1% during the 2nd quarter. Benjamin Edwards Inc. now owns 72,523 shares of the company’s stock worth $3,503,000 after purchasing an additional 23,879 shares during the period. Great Valley Advisor Group Inc. acquired a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 2nd quarter worth approximately $240,000. Finally, MML Investors Services LLC raised its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 30.8% during the second quarter. MML Investors Services LLC now owns 44,356 shares of the company’s stock worth $2,142,000 after acquiring an additional 10,433 shares during the period.

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.