First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Short Interest Update

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 37,499 shares, a decrease of 43.0% from the December 31st total of 65,812 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 84,093 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 84,093 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Armstrong Advisory Group Inc. purchased a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 3rd quarter valued at $27,000. Root Financial Partners LLC bought a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the third quarter valued at about $28,000. Ameritas Advisory Services LLC purchased a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the second quarter worth about $29,000. Hazlett Burt & Watson Inc. bought a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 3rd quarter valued at about $42,000. Finally, New England Capital Financial Advisors LLC lifted its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 31.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 977 shares of the company’s stock valued at $47,000 after acquiring an additional 231 shares during the last quarter.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Down 2.3%

First Trust Nasdaq Artificial Intelligence and Robotics ETF stock traded down $1.25 during mid-day trading on Friday, reaching $52.02. 42,785 shares of the company’s stock were exchanged, compared to its average volume of 85,136. The business’s fifty day simple moving average is $53.14 and its 200 day simple moving average is $52.44. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a one year low of $34.38 and a one year high of $56.64. The firm has a market capitalization of $681.40 million, a PE ratio of 27.26 and a beta of 1.23.

About First Trust Nasdaq Artificial Intelligence and Robotics ETF

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.