Short Interest in First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Rises By 497.2%

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 85,400 shares, a growth of 497.2% from the March 15th total of 14,300 shares. Based on an average daily trading volume, of 301,400 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC purchased a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the fourth quarter worth about $28,000. New England Capital Financial Advisors LLC boosted its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 90.0% during the fourth quarter. New England Capital Financial Advisors LLC now owns 741 shares of the company’s stock worth $34,000 after purchasing an additional 351 shares during the last quarter. Creative Planning purchased a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the third quarter worth about $35,000. Princeton Global Asset Management LLC purchased a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the third quarter worth about $49,000. Finally, UBS Group AG boosted its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 2,135.0% during the first quarter. UBS Group AG now owns 1,341 shares of the company’s stock worth $63,000 after purchasing an additional 1,281 shares during the last quarter.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Price Performance

Shares of NASDAQ ROBT traded up $0.35 during mid-day trading on Thursday, reaching $43.95. 44,359 shares of the company’s stock traded hands, compared to its average volume of 88,652. The stock has a market cap of $542.78 million, a P/E ratio of 26.15 and a beta of 1.22. The business has a 50-day simple moving average of $44.88 and a 200 day simple moving average of $42.85. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 1-year low of $36.38 and a 1-year high of $47.71.

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.