First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Short Interest Update

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 23,679 shares, a drop of 39.1% from the April 30th total of 38,902 shares. Based on an average daily trading volume, of 55,770 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Price Performance

Shares of ROBT stock traded down $1.24 during trading hours on Wednesday, reaching $59.04. 11,898 shares of the company traded hands, compared to its average volume of 76,787. The firm has a 50-day moving average price of $51.18 and a 200 day moving average price of $51.63. The company has a market cap of $773.42 million, a P/E ratio of 27.26 and a beta of 1.24. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 12-month low of $44.01 and a 12-month high of $60.44.

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

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. raised its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 2.8% during the 2nd quarter. Raymond James Financial Inc. now owns 151,064 shares of the company’s stock valued at $7,296,000 after purchasing an additional 4,081 shares during the period. Ameriprise Financial Inc. boosted its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 4.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 172,829 shares of the company’s stock worth $8,352,000 after buying an additional 6,731 shares during the period. Benjamin Edwards Inc. boosted its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 49.1% in the 2nd quarter. Benjamin Edwards Inc. now owns 72,523 shares of the company’s stock worth $3,503,000 after buying an additional 23,879 shares during the period. Great Valley Advisor Group Inc. purchased a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 2nd quarter worth $240,000. Finally, MML Investors Services LLC increased its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 30.8% in the 2nd quarter. MML Investors Services LLC now owns 44,356 shares of the company’s stock worth $2,142,000 after buying an additional 10,433 shares in the last quarter.

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.