Short Interest in ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Declines By 42.2%

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQGet Free Report) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 16,409 shares, a drop of 42.2% from the May 31st total of 28,413 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 42,145 shares, the short-interest ratio is currently 0.4 days.

ROBO Global Artificial Intelligence ETF Stock Performance

NYSEARCA THNQ traded down $0.71 on Wednesday, reaching $90.50. 45,947 shares of the stock traded hands, compared to its average volume of 22,096. ROBO Global Artificial Intelligence ETF has a 12 month low of $53.63 and a 12 month high of $93.59. The company has a market cap of $409.96 million, a price-to-earnings ratio of 39.78 and a beta of 1.48. The company has a fifty day moving average price of $82.32 and a 200-day moving average price of $69.95.

Hedge Funds Weigh In On ROBO Global Artificial Intelligence ETF

A number of large investors have recently added to or reduced their stakes in the company. Basepoint Wealth LLC purchased a new stake in shares of ROBO Global Artificial Intelligence ETF during the fourth quarter valued at $38,000. NewEdge Advisors LLC acquired a new stake in ROBO Global Artificial Intelligence ETF during the 3rd quarter worth about $159,000. Janney Montgomery Scott LLC acquired a new stake in ROBO Global Artificial Intelligence ETF during the 4th quarter worth about $281,000. Cary Street Partners Financial LLC grew its stake in ROBO Global Artificial Intelligence ETF by 48.8% during 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. Finally, Flow Traders U.S. LLC purchased a new stake in ROBO Global Artificial Intelligence ETF during the 3rd quarter valued at about $1,333,000.

About ROBO Global Artificial Intelligence ETF

(Get Free Report)

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.

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