First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Sees Significant Drop in Short Interest

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 52,800 shares, a decrease of 32.7% from the February 28th total of 78,500 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 68,900 shares, the days-to-cover ratio is currently 0.8 days.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Down 2.8 %

Shares of NASDAQ ROBT traded down $1.18 during midday trading on Friday, hitting $41.23. The company’s stock had a trading volume of 47,697 shares, compared to its average volume of 63,652. The business’s 50 day moving average is $45.44 and its two-hundred day moving average is $45.11. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 12-month low of $36.91 and a 12-month high of $49.00. The firm has a market cap of $420.55 million, a P/E ratio of 24.89 and a beta of 1.22.

Institutional Trading of First Trust Nasdaq Artificial Intelligence and Robotics ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ameriflex Group Inc. bought a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the fourth quarter worth about $27,000. Sherman Asset Management Inc. purchased a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 4th quarter valued at about $46,000. First Horizon Advisors Inc. bought a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 4th quarter worth about $49,000. Elevation Wealth Partners LLC purchased a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the fourth quarter worth approximately $49,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 126.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,265 shares of the company’s stock valued at $57,000 after acquiring an additional 707 shares in the last quarter.

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.