First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Short Interest Up 109.5% in May

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 49,606 shares, an increase of 109.5% from the May 14th total of 23,679 shares. Based on an average daily volume of 55,252 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.4% of the shares of the stock are sold short.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Down 0.4%

ROBT traded down $0.24 on Friday, hitting $55.14. 34,239 shares of the company’s stock were exchanged, compared to its average volume of 77,476. The firm has a 50-day moving average price of $53.04 and a 200-day moving average price of $51.99. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a fifty-two week low of $44.01 and a fifty-two week high of $60.44. The stock has a market cap of $722.33 million, a price-to-earnings ratio of 27.26 and a beta of 1.27.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ROBT. Raymond James Financial Inc. boosted its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 2.8% during the 2nd quarter. Raymond James Financial Inc. now owns 151,064 shares of the company’s stock valued at $7,296,000 after acquiring an additional 4,081 shares during the last quarter. Ameriprise Financial Inc. increased its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 4.1% during the second quarter. Ameriprise Financial Inc. now owns 172,829 shares of the company’s stock worth $8,352,000 after purchasing an additional 6,731 shares during the period. Benjamin Edwards Inc. increased its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 49.1% during the second quarter. Benjamin Edwards Inc. now owns 72,523 shares of the company’s stock worth $3,503,000 after purchasing an additional 23,879 shares during the period. Great Valley Advisor Group Inc. purchased a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the second quarter worth approximately $240,000. Finally, MML Investors Services LLC increased its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 30.8% during the second quarter. MML Investors Services LLC now owns 44,356 shares of the company’s stock worth $2,142,000 after buying an additional 10,433 shares during the period.

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.