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

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 41,522 shares, a decrease of 51.6% from the August 15th total of 85,864 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 17,283 shares, the short-interest ratio is presently 2.4 days.

ROBO Global Artificial Intelligence ETF Stock Performance

Shares of NYSEARCA:THNQ traded up $0.37 during mid-day trading on Wednesday, reaching $89.27. 9,145 shares of the company’s stock were exchanged, compared to its average volume of 22,514. The business’s fifty day moving average price is $88.37 and its 200-day moving average price is $79.27. ROBO Global Artificial Intelligence ETF has a twelve month low of $55.58 and a twelve month high of $94.58. The firm has a market capitalization of $446.26 million, a price-to-earnings ratio of 39.78 and a beta of 1.49.

Hedge Funds Weigh In On ROBO Global Artificial Intelligence ETF

Institutional investors have recently added to or reduced their stakes in the business. Strategic Advocates LLC increased its stake in shares of ROBO Global Artificial Intelligence ETF by 4.2% in the 4th quarter. Strategic Advocates LLC now owns 31,314 shares of the company’s stock valued at $2,001,000 after acquiring an additional 1,255 shares in the last quarter. Cary Street Partners Financial LLC grew 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 buying an additional 3,652 shares during the period. Janney Montgomery Scott LLC increased its position in ROBO Global Artificial Intelligence ETF by 66.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,360 shares of the company’s stock valued at $434,000 after buying an additional 2,935 shares in the last quarter. Finally, Basepoint Wealth LLC bought a new stake in ROBO Global Artificial Intelligence ETF in the 4th quarter valued at about $38,000.

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.