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

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 13,862 shares, a drop of 59.4% from the July 30th total of 34,137 shares. Based on an average daily trading volume, of 42,983 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Up 2.9%

Shares of NASDAQ ROBT opened at $60.57 on Friday. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a twelve month low of $44.01 and a twelve month high of $60.97. The firm has a 50-day moving average of $56.44 and a two-hundred day moving average of $53.28. The company has a market capitalization of $793.47 million, a price-to-earnings ratio of 27.26 and a beta of 1.27.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.0094 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Thursday, June 25th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Rockport Wealth LLC acquired a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 4th quarter worth $9,059,000. Gateway Wealth Partners LLC raised its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 107.4% during the first quarter. Gateway Wealth Partners LLC now owns 89,946 shares of the company’s stock worth $4,152,000 after purchasing an additional 46,582 shares during the period. Royal Bank of Canada lifted its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 8.4% during the first quarter. Royal Bank of Canada now owns 225,517 shares of the company’s stock valued at $10,410,000 after purchasing an additional 17,495 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 14.3% during the first quarter. Bank of America Corp DE now owns 492,874 shares of the company’s stock valued at $22,751,000 after purchasing an additional 61,725 shares during the last quarter. Finally, Marshall Investment Management LLC acquired a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 4th quarter valued at $978,000.

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.