ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Short Interest Down 74.9% in August

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 80,538 shares, a decline of 74.9% from the August 15th total of 320,824 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 247,615 shares, the short-interest ratio is presently 0.3 days.

ROBO Global Robotics & Automation ETF Stock Performance

ROBO Global Robotics & Automation ETF stock traded up $1.29 during mid-day trading on Friday, reaching $79.11. 76,700 shares of the company were exchanged, compared to its average volume of 211,526. The firm has a market cap of $1.97 billion, a P/E ratio of 23.13 and a beta of 1.41. The business has a fifty day moving average of $80.91 and a 200 day moving average of $79.91. ROBO Global Robotics & Automation ETF has a 12-month low of $62.80 and a 12-month high of $90.51.

Institutional Investors Weigh In On ROBO Global Robotics & Automation ETF

A number of hedge funds have recently made changes to their positions in ROBO. Janney Montgomery Scott LLC boosted its position in ROBO Global Robotics & Automation ETF by 5.1% during the first quarter. Janney Montgomery Scott LLC now owns 6,100 shares of the company’s stock valued at $417,000 after purchasing an additional 295 shares in the last quarter. Compass Financial Management LLC purchased a new stake in shares of ROBO Global Robotics & Automation ETF during the second quarter valued at about $27,000. Beck Capital Management LLC lifted its position in shares of ROBO Global Robotics & Automation ETF by 4.1% during the fourth quarter. Beck Capital Management LLC now owns 10,544 shares of the company’s stock valued at $731,000 after buying an additional 419 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of ROBO Global Robotics & Automation ETF in the 4th quarter valued at about $39,000. Finally, Allied Private Wealth LLC bought a new stake in shares of ROBO Global Robotics & Automation ETF in the 2nd quarter valued at about $81,000.

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.