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

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 78,500 shares, an increase of 92.4% from the February 13th total of 40,800 shares. Based on an average trading volume of 74,100 shares, the short-interest ratio is presently 1.1 days. Approximately 0.8% of the shares of the company are sold short.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Price Performance

Shares of ROBT traded up $1.36 during mid-day trading on Friday, reaching $42.68. 29,314 shares of the company’s stock were exchanged, compared to its average volume of 75,941. The stock has a market capitalization of $441.74 million, a PE ratio of 24.73 and a beta of 1.22. The business’s fifty day simple moving average is $45.99 and its 200-day simple moving average is $45.05. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 52-week low of $36.91 and a 52-week high of $49.00.

Hedge Funds Weigh In On First Trust Nasdaq Artificial Intelligence and Robotics ETF

Hedge funds have recently modified their holdings of the business. Ameriflex Group Inc. purchased a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the fourth quarter worth approximately $27,000. Sherman Asset Management Inc. acquired a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the fourth quarter worth $46,000. First Horizon Advisors Inc. acquired a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the fourth quarter worth $49,000. Elevation Wealth Partners LLC acquired a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the fourth quarter worth $49,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 126.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,265 shares of the company’s stock worth $57,000 after purchasing an additional 707 shares during the period.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Company Profile

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.