ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Short Interest Update

by · The Cerbat Gem

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ – Get Free Report) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 28,413 shares, a drop of 63.9% from the May 14th total of 78,740 shares. Based on an average daily volume of 37,020 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.6% of the company’s stock are sold short.

ROBO Global Artificial Intelligence ETF Price Performance

NYSEARCA THNQ traded up $0.54 during trading on Friday, hitting $86.15. The company’s stock had a trading volume of 29,124 shares, compared to its average volume of 21,493. The company has a market cap of $390.26 million, a PE ratio of 39.78 and a beta of 1.48. The business’s 50 day simple moving average is $76.40 and its 200-day simple moving average is $67.96. ROBO Global Artificial Intelligence ETF has a fifty-two week low of $51.38 and a fifty-two week high of $93.59.

Institutional Investors Weigh In On ROBO Global Artificial Intelligence ETF

Several institutional investors have recently added to or reduced their stakes in THNQ. Flow Traders U.S. LLC acquired a new stake in ROBO Global Artificial Intelligence ETF in the third quarter worth about $1,333,000. Cary Street Partners Financial LLC acquired a new stake in ROBO Global Artificial Intelligence ETF in the third quarter worth about $479,000. Janney Montgomery Scott LLC acquired a new stake in ROBO Global Artificial Intelligence ETF in the fourth quarter worth about $281,000. NewEdge Advisors LLC acquired a new stake in ROBO Global Artificial Intelligence ETF in the third quarter worth about $159,000. Finally, Strategic Advocates LLC boosted its holdings in ROBO Global Artificial Intelligence ETF by 4.2% in the fourth quarter. Strategic Advocates LLC now owns 31,314 shares of the company’s stock worth $2,001,000 after acquiring an additional 1,255 shares in the last quarter.

ROBO Global Artificial Intelligence ETF Company Profile

(Get Free Report)

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.

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