Short Interest in ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Declines By 17.6%

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 17,354 shares, a decrease of 17.6% from the February 12th total of 21,049 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 10,943 shares, the days-to-cover ratio is presently 1.6 days. Based on an average trading volume of 10,943 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.4% of the shares of the stock are sold short.

ROBO Global Artificial Intelligence ETF Stock Performance

Shares of NYSEARCA THNQ traded up $1.26 during mid-day trading on Monday, reaching $61.26. The company had a trading volume of 10,648 shares, compared to its average volume of 16,807. ROBO Global Artificial Intelligence ETF has a one year low of $37.03 and a one year high of $69.30. The firm has a market cap of $279.96 million, a price-to-earnings ratio of 39.78 and a beta of 1.33. The business’s 50-day simple moving average is $63.75 and its 200 day simple moving average is $64.16.

ROBO Global Artificial Intelligence ETF Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were paid a dividend of $0.13 per share. This represents a yield of 20.0%. The ex-dividend date was Tuesday, December 30th.

Hedge Funds Weigh In On ROBO Global Artificial Intelligence ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Strategic Advocates LLC raised its position in ROBO Global Artificial Intelligence ETF by 4.2% during the fourth quarter. Strategic Advocates LLC now owns 31,314 shares of the company’s stock valued at $2,001,000 after purchasing an additional 1,255 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of ROBO Global Artificial Intelligence ETF in the 3rd quarter valued at $1,333,000. Cary Street Partners Financial LLC increased its stake in shares of ROBO Global Artificial Intelligence ETF by 48.8% in the 4th quarter. Cary Street Partners Financial LLC now owns 11,137 shares of the company’s stock valued at $707,000 after purchasing an additional 3,652 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of ROBO Global Artificial Intelligence ETF in the 4th quarter valued at $281,000. Finally, NewEdge Advisors LLC acquired a new position in shares of ROBO Global Artificial Intelligence ETF during the 3rd quarter worth $159,000.

About ROBO Global Artificial Intelligence ETF

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.