ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Short Interest Up 495.2% in May

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 553,318 shares, a growth of 495.2% from the May 14th total of 92,960 shares. Based on an average daily trading volume, of 351,718 shares, the days-to-cover ratio is presently 1.6 days. Currently, 2.5% of the shares of the stock are sold short.

ROBO Global Robotics & Automation ETF Trading Down 4.2%

Shares of ROBO Global Robotics & Automation ETF stock traded down $3.49 during trading on Wednesday, reaching $79.50. The company’s stock had a trading volume of 719,672 shares, compared to its average volume of 228,348. The stock has a 50-day moving average price of $80.98 and a two-hundred day moving average price of $75.23. ROBO Global Robotics & Automation ETF has a one year low of $55.84 and a one year high of $90.51. The stock has a market capitalization of $1.74 billion, a P/E ratio of 23.13 and a beta of 1.40.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Archer Investment Corp acquired a new stake in ROBO Global Robotics & Automation ETF in the fourth quarter worth about $30,000. Atlas Capital Advisors Inc. acquired a new stake in ROBO Global Robotics & Automation ETF in the fourth quarter worth about $39,000. Strive Financial Group LLC acquired a new stake in ROBO Global Robotics & Automation ETF in the fourth quarter worth about $264,000. Farther Finance Advisors LLC increased its position in ROBO Global Robotics & Automation ETF by 15.5% in the fourth quarter. Farther Finance Advisors LLC now owns 5,200 shares of the company’s stock worth $360,000 after purchasing an additional 699 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in ROBO Global Robotics & Automation ETF by 14.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,805 shares of the company’s stock worth $402,000 after purchasing an additional 726 shares during the period.

About ROBO Global Robotics & Automation ETF

The Robo Global Robotics and Automation Index ETF (ROBO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a global index of companies involved in robotics and automation. The portfolio utilizes a tiered weighting strategy. ROBO was launched on Oct 22, 2013 and is managed by ROBO Global.