Short Interest in ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Declines By 51.6%

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 41,522 shares, a decrease of 51.6% from the August 15th total of 85,864 shares. Based on an average daily trading volume, of 17,283 shares, the short-interest ratio is presently 2.4 days. Approximately 0.8% of the company’s stock are short sold.

Institutional Trading of ROBO Global Artificial Intelligence ETF

Several large investors have recently bought and sold shares of THNQ. Basepoint Wealth LLC acquired a new position in shares of ROBO Global Artificial Intelligence ETF during the fourth quarter worth $38,000. Janney Montgomery Scott LLC grew its holdings in ROBO Global Artificial Intelligence ETF by 66.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 7,360 shares of the company’s stock valued at $434,000 after purchasing an additional 2,935 shares in the last quarter. Cary Street Partners Financial LLC boosted its position in ROBO Global Artificial Intelligence ETF by 48.8% in the 4th quarter. Cary Street Partners Financial LLC now owns 11,137 shares of the company’s stock valued at $707,000 after buying an additional 3,652 shares during the last quarter. Finally, Strategic Advocates LLC grew its stake in shares of ROBO Global Artificial Intelligence ETF by 4.2% during the fourth quarter. Strategic Advocates LLC now owns 31,314 shares of the company’s stock valued at $2,001,000 after acquiring an additional 1,255 shares in the last quarter.

ROBO Global Artificial Intelligence ETF Stock Performance

Shares of THNQ stock traded down $0.20 during trading hours on Tuesday, reaching $88.90. The company had a trading volume of 8,580 shares, compared to its average volume of 22,589. ROBO Global Artificial Intelligence ETF has a twelve month low of $55.58 and a twelve month high of $94.58. The company has a market capitalization of $444.50 million, a P/E ratio of 39.78 and a beta of 1.49. The stock’s fifty day simple moving average is $88.33 and its 200 day simple moving average is $79.10.

ROBO Global Artificial Intelligence ETF Company Profile

The Robo Global Artificial Intelligence ETF (THNQ) is an exchange-traded fund that is based on the ROBO Global Artificial Intelligence index. The fund tracks a global index of companies involved in developing the technology and the infrastructure of enabling artificial intelligence. THNQ was launched on May 11, 2020 and is managed by ROBO Global.