Short Interest in ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Increases By 406.3%

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 23,023 shares, a growth of 406.3% from the January 15th total of 4,547 shares. Based on an average daily trading volume, of 17,214 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 17,214 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Trading of ROBO Global Artificial Intelligence ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Arkadios Wealth Advisors acquired a new position in ROBO Global Artificial Intelligence ETF in the 2nd quarter worth about $213,000. Basepoint Wealth LLC bought a new position in ROBO Global Artificial Intelligence ETF during the fourth quarter valued at approximately $38,000. Cary Street Partners Financial LLC raised its position in ROBO Global Artificial Intelligence ETF by 48.8% during the fourth quarter. Cary Street Partners Financial LLC now owns 11,137 shares of the company’s stock valued at $707,000 after acquiring an additional 3,652 shares in the last quarter. Strategic Advocates LLC lifted its stake in ROBO Global Artificial Intelligence ETF by 4.2% in the third quarter. Strategic Advocates LLC now owns 30,059 shares of the company’s stock valued at $1,925,000 after acquiring an additional 1,225 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of ROBO Global Artificial Intelligence ETF during the 3rd quarter worth $159,000.

ROBO Global Artificial Intelligence ETF Trading Up 0.6%

Shares of NYSEARCA THNQ opened at $64.03 on Wednesday. ROBO Global Artificial Intelligence ETF has a one year low of $37.03 and a one year high of $69.30. The business has a 50-day moving average price of $64.74 and a two-hundred day moving average price of $63.22. The firm has a market capitalization of $292.62 million, a PE ratio of 39.78 and a beta of 1.33.

ROBO Global Artificial Intelligence ETF Dividend Announcement

The business also recently announced an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were given a $0.13 dividend. The ex-dividend date was Tuesday, December 30th. This represents a yield of 20.0%.

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.