First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Short Interest Down 32.7% in March

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

Institutional Trading of First Trust Nasdaq Artificial Intelligence and Robotics ETF

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 4th quarter valued at about $6,462,000. Flow Traders U.S. LLC bought a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the third quarter valued at approximately $4,146,000. Benjamin Edwards Inc. acquired a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the third quarter valued at approximately $3,029,000. Gradient Investments LLC grew its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 43.4% in the fourth quarter. Gradient Investments LLC now owns 126,128 shares of the company’s stock worth $5,681,000 after acquiring an additional 38,149 shares in the last quarter. Finally, Harbour Investments Inc. increased its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 799.8% during the 4th quarter. Harbour Investments Inc. now owns 30,512 shares of the company’s stock worth $1,374,000 after purchasing an additional 27,121 shares during the last quarter.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Price Performance

Shares of ROBT traded down $0.56 during trading hours on Monday, hitting $40.67. 116,275 shares of the company were exchanged, compared to its average volume of 63,861. The company has a market capitalization of $420.93 million, a PE ratio of 24.89 and a beta of 1.22. The firm has a fifty day simple moving average of $45.44 and a 200-day simple moving average of $45.17. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a one year low of $36.91 and a one year high of $49.00.

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.