ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Shares Shorted: Short Interest Up 89.6% in September

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 200,282 shares, an increase of 89.6% from the September 15th total of 105,658 shares. Based on an average daily trading volume, of 141,115 shares, the short-interest ratio is presently 1.4 days. Approximately 0.8% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ROBO. Silverleafe Capital Partners LLC bought a new position in shares of ROBO Global Robotics & Automation ETF during the third quarter worth about $3,626,000. Janney Montgomery Scott LLC lifted its holdings in ROBO Global Robotics & Automation ETF by 5.1% in the first quarter. Janney Montgomery Scott LLC now owns 6,100 shares of the company’s stock worth $417,000 after purchasing an additional 295 shares during the period. Noble Wealth Management PBC lifted its holdings in ROBO Global Robotics & Automation ETF by 105.6% in the second quarter. Noble Wealth Management PBC now owns 4,688 shares of the company’s stock worth $402,000 after purchasing an additional 2,408 shares during the period. Capital Square LLC bought a new position in ROBO Global Robotics & Automation ETF in the 2nd quarter valued at about $276,000. Finally, Allied Private Wealth LLC bought a new position in ROBO Global Robotics & Automation ETF in the 2nd quarter valued at about $81,000.

ROBO Global Robotics & Automation ETF Stock Down 2.6%

Shares of ROBO traded down $2.00 during mid-day trading on Friday, hitting $75.30. The stock had a trading volume of 166,033 shares, compared to its average volume of 201,717. ROBO Global Robotics & Automation ETF has a fifty-two week low of $62.80 and a fifty-two week high of $90.51. The company has a market cap of $1.90 billion, a PE ratio of 23.13 and a beta of 1.42. The company’s fifty day simple moving average is $80.79 and its two-hundred day simple moving average is $81.17.

About ROBO Global Robotics & Automation ETF

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.