ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Short Interest Down 82.8% in July

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 73,369 shares, a decrease of 82.8% from the July 15th total of 425,844 shares. Based on an average trading volume of 141,040 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On ROBO Global Robotics & Automation ETF

Hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC raised its holdings in shares of ROBO Global Robotics & Automation ETF by 1,820.6% in the fourth quarter. Advisory Services Network LLC now owns 11,831 shares of the company’s stock valued at $820,000 after buying an additional 11,215 shares during the last quarter. NewEdge Advisors LLC increased its position in ROBO Global Robotics & Automation ETF by 424.1% in the 3rd quarter. NewEdge Advisors LLC now owns 7,814 shares of the company’s stock valued at $512,000 after acquiring an additional 6,323 shares during the period. JPMorgan Chase & Co. raised its stake in ROBO Global Robotics & Automation ETF by 280.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,006 shares of the company’s stock valued at $359,000 after acquiring an additional 4,429 shares during the last quarter. Strive Financial Group LLC acquired a new stake in ROBO Global Robotics & Automation ETF during the 4th quarter worth approximately $264,000. Finally, Capital Square LLC acquired a new stake in ROBO Global Robotics & Automation ETF during the 2nd quarter worth approximately $276,000.

ROBO Global Robotics & Automation ETF Trading Up 0.3%

ROBO stock traded up $0.25 during trading on Thursday, hitting $85.01. 207,082 shares of the company’s stock were exchanged, compared to its average volume of 214,914. ROBO Global Robotics & Automation ETF has a 52-week low of $61.93 and a 52-week high of $90.51. The business has a 50-day moving average price of $82.27 and a two-hundred day moving average price of $79.04. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 23.13 and a beta of 1.41.

ROBO Global Robotics & Automation ETF Company Profile

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.