First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Sees Large Drop in Short Interest

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 14,300 shares, a drop of 85.4% from the February 29th total of 98,000 shares. Based on an average daily trading volume, of 88,200 shares, the short-interest ratio is presently 0.2 days.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Up 0.1 %

NASDAQ:ROBT traded up $0.03 during trading hours on Thursday, hitting $45.24. 92,824 shares of the company were exchanged, compared to its average volume of 89,682. The company has a fifty day simple moving average of $44.86 and a 200 day simple moving average of $42.64. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a one year low of $36.38 and a one year high of $47.71. The stock has a market capitalization of $502.16 million, a price-to-earnings ratio of 26.15 and a beta of 1.22.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ROBT. ICA Group Wealth Management LLC acquired a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 4th quarter worth about $28,000. New England Capital Financial Advisors LLC increased its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 90.0% in the 4th quarter. New England Capital Financial Advisors LLC now owns 741 shares of the company’s stock valued at $34,000 after acquiring an additional 351 shares in the last quarter. Creative Planning acquired a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 3rd quarter valued at $35,000. Princeton Global Asset Management LLC bought a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the third quarter worth $49,000. Finally, UBS Group AG grew its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 2,135.0% in 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 period.

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.