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

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 33,679 shares, an increase of 114.1% from the September 30th total of 15,732 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 47,546 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On First Trust Nasdaq Artificial Intelligence and Robotics ETF

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 14.3% in the 1st quarter. Bank of America Corp DE now owns 492,874 shares of the company’s stock worth $22,751,000 after buying an additional 61,725 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 23.6% in the second quarter. Envestnet Asset Management Inc. now owns 285,440 shares of the company’s stock worth $16,059,000 after buying an additional 54,416 shares in the last quarter. Royal Bank of Canada boosted its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 8.4% in the first quarter. Royal Bank of Canada now owns 225,517 shares of the company’s stock valued at $10,410,000 after acquiring an additional 17,495 shares during the period. Janney Montgomery Scott LLC increased its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 2.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 113,881 shares of the company’s stock worth $5,257,000 after acquiring an additional 3,073 shares during the period. Finally, Gateway Wealth Partners LLC boosted its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 107.4% in the 1st quarter. Gateway Wealth Partners LLC now owns 89,946 shares of the company’s stock valued at $4,152,000 after purchasing an additional 46,582 shares during the period.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Price Performance

ROBT opened at $56.50 on Friday. The firm has a market capitalization of $731.73 million, a PE ratio of 27.26 and a beta of 1.30. The company’s 50-day moving average is $58.78 and its 200 day moving average is $54.48. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a fifty-two week low of $44.01 and a fifty-two week high of $61.72.

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.