Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) Sees Significant Increase in Short Interest

Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 1,699,751 shares, a growth of 51.1% from the August 31st total of 1,124,721 shares. Based on an average daily volume of 709,435 shares, the days-to-cover ratio is currently 2.4 days. Approximately 1.8% of the shares of the stock are sold short.

Global X Robotics & Artificial Intelligence ETF Price Performance

Shares of Global X Robotics & Artificial Intelligence ETF stock opened at $35.43 on Friday. The stock has a market cap of $3.36 billion, a P/E ratio of 27.41 and a beta of 1.46. The stock’s 50 day simple moving average is $35.76 and its 200-day simple moving average is $36.64. Global X Robotics & Artificial Intelligence ETF has a 1-year low of $31.88 and a 1-year high of $41.71.

Hedge Funds Weigh In On Global X Robotics & Artificial Intelligence ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Wealth Management Advisory Group LLC grew its holdings in Global X Robotics & Artificial Intelligence ETF by 3.3% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 139,260 shares of the company’s stock valued at $5,284,000 after buying an additional 4,479 shares in the last quarter. CX Institutional boosted its position in shares of Global X Robotics & Artificial Intelligence ETF by 3.5% during the 2nd quarter. CX Institutional now owns 127,120 shares of the company’s stock valued at $4,823,000 after acquiring an additional 4,286 shares during the last quarter. Sterling Investment Advisors Ltd. boosted its position in shares of Global X Robotics & Artificial Intelligence ETF by 0.4% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 125,015 shares of the company’s stock valued at $4,743,000 after acquiring an additional 550 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Global X Robotics & Artificial Intelligence ETF by 3.9% in the first quarter. SG Americas Securities LLC now owns 101,760 shares of the company’s stock valued at $3,380,000 after purchasing an additional 3,789 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in Global X Robotics & Artificial Intelligence ETF by 39.2% during the first quarter. Janney Montgomery Scott LLC now owns 67,064 shares of the company’s stock worth $2,228,000 after purchasing an additional 18,891 shares during the last quarter.

About Global X Robotics & Artificial Intelligence ETF

The Global X Robotics & Artificial Intelligence ETF (BOTZ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund provides market- cap selected and weighted exposure to companies involved in the development and production of robots or artificial intelligence. BOTZ was launched on Sep 12, 2016 and is managed by Global X.