Short Interest in ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Expands By 406.3%

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 23,023 shares, an increase of 406.3% from the January 15th total of 4,547 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 17,214 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 17,214 shares, the short-interest ratio is currently 1.3 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC acquired a new position in shares of ROBO Global Artificial Intelligence ETF during the fourth quarter valued at approximately $281,000. Strategic Advocates LLC raised its stake in shares of ROBO Global Artificial Intelligence ETF by 4.2% in the 4th quarter. Strategic Advocates LLC now owns 31,314 shares of the company’s stock valued at $2,001,000 after acquiring an additional 1,255 shares in the last quarter. Basepoint Wealth LLC acquired a new position in ROBO Global Artificial Intelligence ETF during the 4th quarter worth $38,000. Cary Street Partners Financial LLC boosted its position in shares of ROBO Global Artificial Intelligence ETF by 48.8% in the fourth quarter. Cary Street Partners Financial LLC now owns 11,137 shares of the company’s stock valued at $707,000 after acquiring an additional 3,652 shares during the period. Finally, NewEdge Advisors LLC bought a new position in ROBO Global Artificial Intelligence ETF during the third quarter valued at about $159,000.

ROBO Global Artificial Intelligence ETF Stock Performance

Shares of THNQ stock traded up $1.22 during mid-day trading on Friday, hitting $63.81. 4,013 shares of the stock were exchanged, compared to its average volume of 18,321. The stock has a market capitalization of $291.63 million, a price-to-earnings ratio of 39.78 and a beta of 1.33. The stock’s fifty day simple moving average is $64.66 and its two-hundred day simple moving average is $63.22. ROBO Global Artificial Intelligence ETF has a 12-month low of $37.03 and a 12-month high of $69.30.

ROBO Global Artificial Intelligence ETF Announces Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were issued a $0.13 dividend. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 20.0%.

ROBO Global Artificial Intelligence ETF Company Profile

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.