ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Large Decline in Short Interest

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 73,369 shares, a decline of 82.8% from the July 15th total of 425,844 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 141,040 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On ROBO Global Robotics & Automation ETF

Hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors raised its stake in shares of ROBO Global Robotics & Automation ETF by 6.4% in the 2nd quarter. Captrust Financial Advisors now owns 22,778 shares of the company’s stock valued at $1,362,000 after acquiring an additional 1,367 shares during the period. Advisory Services Network LLC grew its position in shares of ROBO Global Robotics & Automation ETF by 1,820.6% during the 4th quarter. Advisory Services Network LLC now owns 11,831 shares of the company’s stock valued at $820,000 after buying an additional 11,215 shares during the last quarter. Beck Capital Management LLC boosted its holdings in shares of ROBO Global Robotics & Automation ETF by 4.1% during the fourth quarter. Beck Capital Management LLC now owns 10,544 shares of the company’s stock valued at $731,000 after acquiring an additional 419 shares during the period. JPMorgan Chase & Co. boosted its position in shares of ROBO Global Robotics & Automation ETF by 63.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,802 shares of the company’s stock valued at $643,000 after purchasing an additional 3,796 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of ROBO Global Robotics & Automation ETF by 424.1% in the 3rd quarter. NewEdge Advisors LLC now owns 7,814 shares of the company’s stock valued at $512,000 after acquiring an additional 6,323 shares in the last quarter.

ROBO Global Robotics & Automation ETF Trading Up 0.5%

ROBO traded up $0.41 on Wednesday, hitting $84.41. The company had a trading volume of 35,301 shares, compared to its average volume of 214,480. ROBO Global Robotics & Automation ETF has a 1 year low of $61.93 and a 1 year high of $90.51. The firm has a market cap of $2.10 billion, a P/E ratio of 23.13 and a beta of 1.41. The company’s fifty day moving average price is $82.36 and its 200 day moving average price is $78.97.

About ROBO Global Robotics & Automation ETF

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.