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

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 7,780 shares, a growth of 270.5% from the October 15th total of 2,100 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 23,208 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On ROBO Global Artificial Intelligence ETF

A hedge fund recently raised its position in ROBO Global Artificial Intelligence ETF stock. Valley Wealth Managers Inc. boosted its stake in shares of ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) by 20.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,048 shares of the company’s stock after buying an additional 3,736 shares during the period. Valley Wealth Managers Inc. owned 0.43% of ROBO Global Artificial Intelligence ETF worth $2,142,000 as of its most recent filing with the Securities & Exchange Commission.

ROBO Global Artificial Intelligence ETF Price Performance

ROBO Global Artificial Intelligence ETF stock traded down $0.96 during midday trading on Friday, reaching $82.35. 17,092 shares of the company traded hands, compared to its average volume of 27,434. ROBO Global Artificial Intelligence ETF has a 12 month low of $55.58 and a 12 month high of $102.49. The firm has a market capitalization of $409.28 million, a price-to-earnings ratio of 35.76 and a beta of 1.52. The business has a 50 day moving average of $91.18 and a two-hundred day moving average of $80.11.

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.