Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) Sees Significant Increase in Short Interest

Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 3,090,075 shares, an increase of 78.5% from the May 31st total of 1,731,168 shares. Currently, 3.4% of the company’s shares are sold short. Based on an average daily volume of 1,050,163 shares, the days-to-cover ratio is presently 2.9 days.

Global X Robotics & Artificial Intelligence ETF Stock Performance

Shares of Global X Robotics & Artificial Intelligence ETF stock opened at $38.06 on Thursday. Global X Robotics & Artificial Intelligence ETF has a 52-week low of $31.87 and a 52-week high of $41.71. The company’s 50 day moving average price is $38.77 and its 200-day moving average price is $37.37. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 27.41 and a beta of 1.45.

Global X Robotics & Artificial Intelligence ETF Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th will be issued a $0.018 dividend. The ex-dividend date of this dividend is Monday, June 29th.

Hedge Funds Weigh In On Global X Robotics & Artificial Intelligence ETF

Several hedge funds and other institutional investors have recently modified their holdings of BOTZ. Bearing Point Capital LLC purchased a new stake in shares of Global X Robotics & Artificial Intelligence ETF during the fourth quarter worth about $3,501,000. Ameriprise Financial Inc. increased its holdings in Global X Robotics & Artificial Intelligence ETF by 26.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 441,085 shares of the company’s stock valued at $14,401,000 after purchasing an additional 91,290 shares during the period. Janney Montgomery Scott LLC raised its position in Global X Robotics & Artificial Intelligence ETF by 39.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 67,064 shares of the company’s stock valued at $2,228,000 after purchasing an additional 18,891 shares during the last quarter. Verity Asset Management Inc. bought a new position in Global X Robotics & Artificial Intelligence ETF during the 4th quarter valued at approximately $594,000. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its holdings in Global X Robotics & Artificial Intelligence ETF by 11.2% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 134,781 shares of the company’s stock worth $4,477,000 after buying an additional 13,587 shares during the period.

Global X Robotics & Artificial Intelligence ETF Company Profile

The Global X Robotics & Artificial Intelligence ETF (BOTZ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund provides market- cap selected and weighted exposure to companies involved in the development and production of robots or artificial intelligence. BOTZ was launched on Sep 12, 2016 and is managed by Global X.