ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Short Interest Up 83.3% in June

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 30,077 shares, a growth of 83.3% from the June 15th total of 16,409 shares. Based on an average daily volume of 28,900 shares, the short-interest ratio is currently 1.0 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in THNQ. Basepoint Wealth LLC bought a new stake in ROBO Global Artificial Intelligence ETF in the 4th quarter valued at $38,000. NewEdge Advisors LLC bought a new position in ROBO Global Artificial Intelligence ETF during the third quarter worth $159,000. Janney Montgomery Scott LLC acquired a new position in shares of ROBO Global Artificial Intelligence ETF in the fourth quarter valued at $281,000. Cary Street Partners Financial LLC increased its holdings in shares of ROBO Global Artificial Intelligence ETF by 48.8% in the fourth quarter. Cary Street Partners Financial LLC now owns 11,137 shares of the company’s stock valued at $707,000 after purchasing an additional 3,652 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new position in shares of ROBO Global Artificial Intelligence ETF in the third quarter valued at about $1,333,000.

ROBO Global Artificial Intelligence ETF Stock Down 1.1%

NYSEARCA:THNQ opened at $83.71 on Friday. The stock’s 50 day moving average price is $86.22 and its two-hundred day moving average price is $72.06. The firm has a market capitalization of $418.55 million, a price-to-earnings ratio of 39.78 and a beta of 1.47. ROBO Global Artificial Intelligence ETF has a 12-month low of $53.86 and a 12-month high of $93.59.

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.