First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Shares Shorted: Short Interest Down 59.9% in September

by · The Cerbat Gem

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT – Get Free Report) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 9,464 shares, a decrease of 59.9% from the August 31st total of 23,606 shares. Based on an average daily volume of 43,174 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 14.3% in the 1st quarter. Bank of America Corp DE now owns 492,874 shares of the company’s stock worth $22,751,000 after acquiring an additional 61,725 shares during the period. Envestnet Asset Management Inc. increased its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 23.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 285,440 shares of the company’s stock valued at $16,059,000 after acquiring an additional 54,416 shares in the last quarter. Royal Bank of Canada raised its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 8.4% during the first quarter. Royal Bank of Canada now owns 225,517 shares of the company’s stock worth $10,410,000 after acquiring an additional 17,495 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 1.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 217,292 shares of the company’s stock valued at $11,270,000 after purchasing an additional 2,364 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 2.8% in the first quarter. Janney Montgomery Scott LLC now owns 113,881 shares of the company’s stock valued at $5,257,000 after purchasing an additional 3,073 shares in the last quarter.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Down 0.1%

Shares of NASDAQ ROBT traded down $0.04 during midday trading on Tuesday, hitting $58.82. The company had a trading volume of 68,981 shares, compared to its average volume of 63,153. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a twelve month low of $44.01 and a twelve month high of $60.97. The business has a 50-day simple moving average of $58.07 and a two-hundred day simple moving average of $54.62. The firm has a market capitalization of $770.54 million, a price-to-earnings ratio of 27.26 and a beta of 1.28.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Company Profile

(Get Free Report)

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.

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