Global X Robotics & Artificial Intelligence Thematic ETF (NASDAQ:BOTZ) Sees Large Drop in Short Interest

Global X Robotics & Artificial Intelligence Thematic ETF (NASDAQ:BOTZ) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 237,200 shares, a decrease of 60.8% from the March 31st total of 604,700 shares. Based on an average trading volume of 1,114,700 shares, the days-to-cover ratio is currently 0.2 days.

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

Several institutional investors have recently modified their holdings of the company. Fiduciary Alliance LLC boosted its stake in Global X Robotics & Artificial Intelligence Thematic ETF by 7.7% in the third quarter. Fiduciary Alliance LLC now owns 173,014 shares of the company’s stock worth $4,277,000 after buying an additional 12,357 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of Global X Robotics & Artificial Intelligence Thematic ETF by 16.7% during the 3rd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 42,214 shares of the company’s stock valued at $1,044,000 after purchasing an additional 6,028 shares during the last quarter. Triumph Capital Management raised its position in Global X Robotics & Artificial Intelligence Thematic ETF by 9.9% in the 3rd quarter. Triumph Capital Management now owns 10,751 shares of the company’s stock worth $266,000 after purchasing an additional 965 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Global X Robotics & Artificial Intelligence Thematic ETF in the third quarter worth $581,000. Finally, Financial Freedom LLC boosted its position in Global X Robotics & Artificial Intelligence Thematic ETF by 31.2% during the third quarter. Financial Freedom LLC now owns 1,743 shares of the company’s stock valued at $43,000 after buying an additional 414 shares during the period.

Global X Robotics & Artificial Intelligence Thematic ETF Price Performance

NASDAQ BOTZ traded down $0.22 during trading hours on Thursday, reaching $29.34. 635,730 shares of the stock traded hands, compared to its average volume of 1,220,928. The stock has a 50 day simple moving average of $31.00 and a two-hundred day simple moving average of $28.24. Global X Robotics & Artificial Intelligence Thematic ETF has a 1 year low of $22.26 and a 1 year high of $33.60. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 40.36 and a beta of 1.25.

Global X Robotics & Artificial Intelligence Thematic ETF Company Profile

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.