Short Interest in First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Drops By 19.6%

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 26,700 shares, a drop of 19.6% from the October 15th total of 33,200 shares. Based on an average daily trading volume, of 56,900 shares, the days-to-cover ratio is presently 0.5 days.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Down 2.3 %

Shares of NASDAQ ROBT opened at $45.50 on Friday. The stock has a market cap of $452.73 million, a P/E ratio of 29.47 and a beta of 1.22. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a twelve month low of $36.91 and a twelve month high of $47.64. The stock has a 50 day moving average of $43.63 and a two-hundred day moving average of $42.88.

Hedge Funds Weigh In On First Trust Nasdaq Artificial Intelligence and Robotics ETF

A number of institutional investors have recently modified their holdings of ROBT. CWM LLC grew its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 16.4% during the 2nd quarter. CWM LLC now owns 4,965 shares of the company’s stock worth $210,000 after purchasing an additional 699 shares during the last quarter. Osaic Holdings Inc. lifted its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 6.5% during the 1st quarter. Osaic Holdings Inc. now owns 160,443 shares of the company’s stock worth $7,259,000 after acquiring an additional 9,774 shares during the period. Gradient Investments LLC grew its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 59.8% in the 2nd quarter. Gradient Investments LLC now owns 62,056 shares of the company’s stock valued at $2,627,000 after purchasing an additional 23,213 shares during the last quarter. Cetera Advisors LLC increased its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 60.3% in the first quarter. Cetera Advisors LLC now owns 16,410 shares of the company’s stock valued at $742,000 after purchasing an additional 6,170 shares during the period. Finally, Avantax Advisory Services Inc. raised its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 5.3% during the first quarter. Avantax Advisory Services Inc. now owns 7,829 shares of the company’s stock worth $354,000 after purchasing an additional 394 shares during the last quarter.

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.