First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Shares Shorted: Short Interest Up 114.1% in October

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 33,679 shares, a growth of 114.1% from the September 30th total of 15,732 shares. Based on an average daily trading volume, of 47,546 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 23.6% during the 3rd quarter. International Assets Investment Management LLC now owns 17,021 shares of the company’s stock valued at $1,008,000 after acquiring an additional 3,253 shares during the last quarter. D.A. Davidson & CO. bought a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the third quarter valued at about $1,036,000. Park Avenue Securities LLC bought a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 3rd quarter worth approximately $267,000. Sigma Planning Corp acquired a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the third quarter worth $272,000. Finally, Richardson Capital Management LLC bought a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 3rd quarter worth about $92,000.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Down 4.5%

First Trust Nasdaq Artificial Intelligence and Robotics ETF stock opened at $56.50 on Friday. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 52-week low of $44.01 and a 52-week high of $61.72. The firm has a market capitalization of $731.73 million, a P/E ratio of 27.26 and a beta of 1.30. The firm has a fifty day moving average of $58.78 and a 200-day moving average of $54.48.

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.