Short Interest in First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Increases By 92.4%

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 78,500 shares, an increase of 92.4% from the February 13th total of 40,800 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily volume of 74,100 shares, the short-interest ratio is presently 1.1 days.

Institutional Trading of First Trust Nasdaq Artificial Intelligence and Robotics ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 126.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,265 shares of the company’s stock valued at $57,000 after purchasing an additional 707 shares during the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 4th quarter worth $482,000. Private Advisor Group LLC raised its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 16.6% in the 4th quarter. Private Advisor Group LLC now owns 5,750 shares of the company’s stock worth $259,000 after acquiring an additional 817 shares during the last quarter. MML Investors Services LLC raised its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 22.4% in the 3rd quarter. MML Investors Services LLC now owns 17,352 shares of the company’s stock worth $760,000 after acquiring an additional 3,178 shares during the last quarter. Finally, Elevation Wealth Partners LLC purchased a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 4th quarter worth $49,000.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Up 3.3 %

Shares of ROBT opened at $42.68 on Friday. 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 stock has a fifty day moving average price of $45.93 and a 200-day moving average price of $45.06. The firm has a market cap of $441.74 million, a PE ratio of 24.73 and a beta of 1.22.

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.