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

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 23,606 shares, an increase of 70.3% from the August 15th total of 13,862 shares. Based on an average trading volume of 35,427 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ROBT. Allied Private Wealth LLC acquired a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 2nd quarter worth $29,000. Pinnacle Associates Ltd. purchased a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 4th quarter worth about $236,000. CPR Investments Inc. acquired a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 1st quarter worth about $242,000. Accel Wealth Management lifted its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 12.8% during the second quarter. Accel Wealth Management now owns 5,314 shares of the company’s stock valued at $299,000 after buying an additional 601 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 234.8% during the first quarter. Sunbelt Securities Inc. now owns 6,317 shares of the company’s stock valued at $292,000 after buying an additional 4,430 shares in the last quarter.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Performance

NASDAQ ROBT traded down $0.62 on Friday, reaching $58.20. The company’s stock had a trading volume of 15,451 shares, compared to its average volume of 64,287. 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’s 50 day moving average is $57.34 and its two-hundred day moving average is $54.06. The stock has a market cap of $762.49 million, a PE ratio of 27.26 and a beta of 1.28.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Announces Dividend

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.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Company Profile

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.