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

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) 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

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.