ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Short Interest Up 257.6% in May

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 78,740 shares, an increase of 257.6% from the April 30th total of 22,021 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average daily volume of 25,336 shares, the days-to-cover ratio is currently 3.1 days.

ROBO Global Artificial Intelligence ETF Stock Up 1.3%

THNQ stock traded up $1.18 during midday trading on Friday, reaching $89.37. The stock had a trading volume of 31,864 shares, compared to its average volume of 19,286. The business has a fifty day simple moving average of $70.75 and a two-hundred day simple moving average of $66.27. The firm has a market cap of $404.85 million, a price-to-earnings ratio of 39.78 and a beta of 1.43. ROBO Global Artificial Intelligence ETF has a twelve month low of $49.41 and a twelve month high of $89.80.

Institutional Trading of ROBO Global Artificial Intelligence ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in THNQ. Strategic Advocates LLC boosted its holdings in ROBO Global Artificial Intelligence ETF by 4.2% during the fourth quarter. Strategic Advocates LLC now owns 31,314 shares of the company’s stock worth $2,001,000 after buying an additional 1,255 shares during the last quarter. Flow Traders U.S. LLC bought a new position in ROBO Global Artificial Intelligence ETF during the third quarter worth about $1,333,000. Cary Street Partners Financial LLC boosted its holdings 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 worth $707,000 after buying an additional 3,652 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in ROBO Global Artificial Intelligence ETF by 66.3% during the first quarter. Janney Montgomery Scott LLC now owns 7,360 shares of the company’s stock worth $434,000 after buying an additional 2,935 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new position in ROBO Global Artificial Intelligence ETF during the third quarter worth about $159,000.

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.