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

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 30,077 shares, a growth of 83.3% from the June 15th total of 16,409 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 28,900 shares, the short-interest ratio is currently 1.0 days.

ROBO Global Artificial Intelligence ETF Stock Performance

NYSEARCA:THNQ opened at $83.71 on Friday. The firm’s 50-day moving average is $86.22 and its 200-day moving average is $72.06. ROBO Global Artificial Intelligence ETF has a 52-week low of $53.86 and a 52-week high of $93.59. The company has a market cap of $418.55 million, a price-to-earnings ratio of 39.78 and a beta of 1.47.

Institutional Investors Weigh In On ROBO Global Artificial Intelligence ETF

A number of institutional investors have recently added to or reduced their stakes in THNQ. Basepoint Wealth LLC acquired a new position in ROBO Global Artificial Intelligence ETF in the 4th quarter valued at approximately $38,000. NewEdge Advisors LLC acquired a new stake in shares of ROBO Global Artificial Intelligence ETF during the 3rd quarter worth approximately $159,000. Janney Montgomery Scott LLC acquired a new stake in shares of ROBO Global Artificial Intelligence ETF during the 4th quarter worth approximately $281,000. Cary Street Partners Financial LLC increased its position in shares of ROBO Global Artificial Intelligence ETF by 48.8% during the fourth quarter. Cary Street Partners Financial LLC now owns 11,137 shares of the company’s stock valued at $707,000 after purchasing an additional 3,652 shares during the period. Finally, Flow Traders U.S. LLC bought a new stake in shares of ROBO Global Artificial Intelligence ETF during the third quarter valued at approximately $1,333,000.

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.