First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Sees Significant Increase in Short Interest

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 49,606 shares, a growth of 109.5% from the May 14th total of 23,679 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 55,252 shares, the short-interest ratio is presently 0.9 days.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Down 0.4%

Shares of NASDAQ:ROBT traded down $0.24 during trading on Friday, hitting $55.14. 34,239 shares of the company were exchanged, compared to its average volume of 77,476. The stock has a market cap of $722.33 million, a price-to-earnings ratio of 27.26 and a beta of 1.27. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a fifty-two week low of $44.01 and a fifty-two week high of $60.44. The firm has a fifty day moving average price of $53.04 and a two-hundred day moving average price of $51.99.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ROBT. Northwestern Mutual Wealth Management Co. increased its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 276.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 809,743 shares of the company’s stock worth $41,999,000 after purchasing an additional 594,815 shares during the last quarter. Rockport Wealth LLC acquired a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 4th quarter worth approximately $9,059,000. Bank of America Corp DE increased its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 65.2% during the 3rd quarter. Bank of America Corp DE now owns 407,423 shares of the company’s stock worth $21,549,000 after purchasing an additional 160,725 shares during the last quarter. LPL Financial LLC increased its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 6.9% during the 4th quarter. LPL Financial LLC now owns 956,667 shares of the company’s stock worth $49,619,000 after purchasing an additional 61,896 shares during the last quarter. Finally, Banco Santander S.A. acquired a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 3rd quarter worth approximately $2,956,000.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Company Profile

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.