First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Sees Large Increase in Short Interest

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

Institutional Investors Weigh In On First Trust Nasdaq Artificial Intelligence and Robotics ETF

A number of large investors have recently bought and sold shares of the business. Kestra Private Wealth Services LLC acquired a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the third quarter worth $250,000. International Assets Investment Management LLC lifted its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 23.6% in the 3rd quarter. International Assets Investment Management LLC now owns 17,021 shares of the company’s stock worth $1,008,000 after acquiring an additional 3,253 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 3rd quarter worth approximately $1,036,000. Park Avenue Securities LLC bought a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the third quarter valued at approximately $267,000. Finally, Sigma Planning Corp acquired a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the third quarter valued at $272,000.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Price Performance

ROBT traded down $2.43 during trading on Friday, reaching $55.82. 32,233 shares of the stock traded hands, compared to its average volume of 60,503. The stock’s 50-day simple moving average is $58.72 and its two-hundred day simple moving average is $54.48. 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 stock has a market cap of $722.87 million, a price-to-earnings ratio of 27.26 and a beta of 1.30.

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.