First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Short Interest Update

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 23,606 shares, a growth of 70.3% from the August 15th total of 13,862 shares. Based on an average daily trading volume, of 35,427 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of First Trust Nasdaq Artificial Intelligence and Robotics ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Allied Private Wealth LLC purchased a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the second quarter valued at $29,000. Pinnacle Associates Ltd. purchased a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 4th quarter worth about $236,000. CPR Investments Inc. acquired a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the first quarter valued at approximately $242,000. Sunbelt Securities Inc. boosted its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 234.8% during the 1st quarter. Sunbelt Securities Inc. now owns 6,317 shares of the company’s stock worth $292,000 after acquiring an additional 4,430 shares in the last quarter. Finally, Accel Wealth Management grew its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 12.8% in the 2nd quarter. Accel Wealth Management now owns 5,314 shares of the company’s stock valued at $299,000 after buying an additional 601 shares during the last quarter.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Up 1.9%

ROBT traded up $1.11 during trading on Thursday, reaching $58.77. The stock had a trading volume of 7,714 shares, compared to its average volume of 64,481. The firm has a market capitalization of $769.82 million, a price-to-earnings ratio of 27.26 and a beta of 1.28. The stock has a 50 day moving average of $57.29 and a two-hundred day moving average of $54.01. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 1-year low of $44.01 and a 1-year high of $60.97.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.0094 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%.

About First Trust Nasdaq Artificial Intelligence and Robotics ETF

The First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified equal-weighted index of all-cap, global companies involved in artificial intelligence or robotics. ROBT was launched on Feb 21, 2018 and is managed by First Trust.