Short Interest in ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Grows By 132.7%

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 170,988 shares, a growth of 132.7% from the June 15th total of 73,495 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 240,304 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Archer Investment Corp bought a new stake in ROBO Global Robotics & Automation ETF during the fourth quarter valued at about $30,000. Atlas Capital Advisors Inc. acquired a new position in shares of ROBO Global Robotics & Automation ETF during the 4th quarter worth about $39,000. Allied Private Wealth LLC bought a new stake in ROBO Global Robotics & Automation ETF during the 2nd quarter valued at approximately $81,000. Strive Financial Group LLC acquired a new stake in ROBO Global Robotics & Automation ETF in the 4th quarter valued at approximately $264,000. Finally, NewEdge Advisors LLC increased its position in ROBO Global Robotics & Automation ETF by 593.3% in the 1st quarter. NewEdge Advisors LLC now owns 6,441 shares of the company’s stock worth $332,000 after buying an additional 5,512 shares during the period.

ROBO Global Robotics & Automation ETF Stock Up 0.3%

Shares of NYSEARCA:ROBO traded up $0.22 during trading on Tuesday, reaching $80.78. The stock had a trading volume of 114,248 shares, compared to its average volume of 225,540. The stock has a fifty day simple moving average of $84.95 and a two-hundred day simple moving average of $77.81. ROBO Global Robotics & Automation ETF has a 52 week low of $59.90 and a 52 week high of $90.51. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 23.13 and a beta of 1.40.

ROBO Global Robotics & Automation ETF Company Profile

The Robo Global Robotics and Automation Index ETF (ROBO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a global index of companies involved in robotics and automation. The portfolio utilizes a tiered weighting strategy. ROBO was launched on Oct 22, 2013 and is managed by ROBO Global.