ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Sees Large Increase in Short Interest

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 85,864 shares, a growth of 162.8% from the July 30th total of 32,668 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average daily trading volume, of 33,656 shares, the days-to-cover ratio is presently 2.6 days.

ROBO Global Artificial Intelligence ETF Stock Down 2.1%

THNQ opened at $90.94 on Friday. The firm has a market cap of $454.70 million, a price-to-earnings ratio of 39.78 and a beta of 1.48. ROBO Global Artificial Intelligence ETF has a 52 week low of $55.58 and a 52 week high of $94.58. The business’s 50 day moving average is $88.03 and its two-hundred day moving average is $76.97.

Hedge Funds Weigh In On ROBO Global Artificial Intelligence ETF

A number of institutional investors have recently modified their holdings of the business. Flow Traders U.S. LLC purchased a new position in ROBO Global Artificial Intelligence ETF during the 3rd quarter worth $1,333,000. Janney Montgomery Scott LLC purchased a new position in shares of ROBO Global Artificial Intelligence ETF during the fourth quarter worth about $281,000. Cary Street Partners Financial LLC grew its holdings in shares of ROBO Global Artificial Intelligence ETF by 48.8% during the fourth quarter. Cary Street Partners Financial LLC now owns 11,137 shares of the company’s stock worth $707,000 after buying an additional 3,652 shares during the last quarter. NewEdge Advisors LLC acquired a new position in ROBO Global Artificial Intelligence ETF in the 3rd quarter valued at about $159,000. Finally, Strategic Advocates LLC increased its position in ROBO Global Artificial Intelligence ETF by 4.2% in the 4th quarter. Strategic Advocates LLC now owns 31,314 shares of the company’s stock valued at $2,001,000 after acquiring an additional 1,255 shares during the period.

About ROBO Global Artificial Intelligence ETF

The Robo Global Artificial Intelligence ETF (THNQ) is an exchange-traded fund that is based on the ROBO Global Artificial Intelligence index. The fund tracks a global index of companies involved in developing the technology and the infrastructure of enabling artificial intelligence. THNQ was launched on May 11, 2020 and is managed by ROBO Global.