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 target of a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 10,843 shares, a drop of 48.4% from the March 31st total of 21,005 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 76,592 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of First Trust Nasdaq Artificial Intelligence and Robotics ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Root Financial Partners LLC acquired a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 3rd quarter valued at about $28,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 3rd quarter valued at about $42,000. Farther Finance Advisors LLC acquired a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 4th quarter valued at about $47,000. Bank of Montreal Can raised its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 390.0% in the 4th quarter. Bank of Montreal Can now owns 980 shares of the company’s stock valued at $51,000 after purchasing an additional 780 shares during the period. Finally, Intesa Sanpaolo Wealth Management acquired a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 4th quarter valued at about $60,000.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Performance

Shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF stock opened at $51.34 on Monday. The company has a market capitalization of $675.12 million, a PE ratio of 27.26 and a beta of 1.23. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 12 month low of $40.64 and a 12 month high of $56.64. The stock’s fifty day simple moving average is $48.94 and its 200 day simple moving average is $51.68.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Company Profile

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.