ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Short Interest Up 18.0% in March

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 20,478 shares, a growth of 18.0% from the February 26th total of 17,354 shares. Based on an average trading volume of 17,607 shares, the short-interest ratio is presently 1.2 days. Currently, 0.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. GPS Wealth Strategies Group LLC bought a new position in shares of ROBO Global Artificial Intelligence ETF during the third quarter worth approximately $92,000. Cary Street Partners Financial LLC acquired a new stake in shares of ROBO Global Artificial Intelligence ETF in the third quarter valued at approximately $479,000. Flow Traders U.S. LLC bought a new stake in shares of ROBO Global Artificial Intelligence ETF in the third quarter valued at approximately $1,333,000. NewEdge Advisors LLC bought a new stake in shares of ROBO Global Artificial Intelligence ETF in the third quarter valued at approximately $159,000. Finally, Strategic Advocates LLC grew its position in ROBO Global Artificial Intelligence ETF by 4.2% during the third quarter. Strategic Advocates LLC now owns 30,059 shares of the company’s stock worth $1,925,000 after buying an additional 1,225 shares in the last quarter.

ROBO Global Artificial Intelligence ETF Stock Performance

NYSEARCA:THNQ opened at $59.01 on Wednesday. ROBO Global Artificial Intelligence ETF has a 52 week low of $37.03 and a 52 week high of $69.30. The firm has a market cap of $269.68 million, a price-to-earnings ratio of 39.78 and a beta of 1.33. The firm’s 50-day simple moving average is $62.42 and its 200 day simple moving average is $64.14.

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.