Short Interest in First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Expands By 258.8%

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 38,902 shares, a growth of 258.8% from the April 15th total of 10,843 shares. Based on an average daily volume of 46,784 shares, the short-interest ratio is currently 0.8 days. Currently, 0.3% of the shares of the stock are short sold.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Up 0.8%

ROBT traded up $0.45 during trading hours on Thursday, hitting $54.43. The company’s stock had a trading volume of 87,753 shares, compared to its average volume of 80,443. The business’s 50-day moving average price is $49.40 and its 200-day moving average price is $51.54. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 12 month low of $43.55 and a 12 month high of $56.64. The stock has a market cap of $713.03 million, a price-to-earnings ratio of 27.26 and a beta of 1.24.

Institutional Investors Weigh In On First Trust Nasdaq Artificial Intelligence and Robotics ETF

Several large investors have recently bought and sold shares of the business. LPL Financial LLC increased its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 6.9% in the fourth quarter. LPL Financial LLC now owns 956,667 shares of the company’s stock worth $49,619,000 after purchasing an additional 61,896 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 276.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 809,743 shares of the company’s stock worth $41,999,000 after purchasing an additional 594,815 shares during the last quarter. Bank of America Corp DE increased its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 65.2% in the third quarter. Bank of America Corp DE now owns 407,423 shares of the company’s stock worth $21,549,000 after purchasing an additional 160,725 shares during the last quarter. Wells Fargo & Company MN increased its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 11.4% in the fourth quarter. Wells Fargo & Company MN now owns 378,459 shares of the company’s stock worth $19,629,000 after purchasing an additional 38,641 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 6.2% during the fourth quarter. Royal Bank of Canada now owns 208,022 shares of the company’s stock worth $10,790,000 after buying an additional 12,163 shares during the period.

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.