Short Interest in ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Increases By 495.2%

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 553,318 shares, a growth of 495.2% from the May 14th total of 92,960 shares. Based on an average daily volume of 351,718 shares, the short-interest ratio is currently 1.6 days. Currently, 2.5% of the shares of the stock are short sold.

ROBO Global Robotics & Automation ETF Trading Up 0.6%

ROBO traded up $0.50 during trading hours on Friday, hitting $82.93. The company’s stock had a trading volume of 119,084 shares, compared to its average volume of 226,779. The business’s 50-day moving average price is $81.53 and its 200-day moving average price is $75.48. ROBO Global Robotics & Automation ETF has a 12 month low of $55.84 and a 12 month high of $90.51. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 23.13 and a beta of 1.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Archer Investment Corp purchased a new position in ROBO Global Robotics & Automation ETF during the fourth quarter worth $30,000. Atlas Capital Advisors Inc. purchased a new position in ROBO Global Robotics & Automation ETF during the fourth quarter worth $39,000. Strive Financial Group LLC purchased a new position in ROBO Global Robotics & Automation ETF during the fourth quarter worth $264,000. Farther Finance Advisors LLC boosted its stake in ROBO Global Robotics & Automation ETF by 15.5% during the fourth quarter. Farther Finance Advisors LLC now owns 5,200 shares of the company’s stock worth $360,000 after buying an additional 699 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in ROBO Global Robotics & Automation ETF by 14.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,805 shares of the company’s stock worth $402,000 after buying an additional 726 shares during the period.

ROBO Global Robotics & Automation ETF Company Profile

The Robo Global Robotics and Automation Index ETF (ROBO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a global index of companies involved in robotics and automation. The portfolio utilizes a tiered weighting strategy. ROBO was launched on Oct 22, 2013 and is managed by ROBO Global.