First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 49,606 shares, an increase of 109.5% from the May 14th total of 23,679 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 55,252 shares, the short-interest ratio is currently 0.9 days.
First Trust Nasdaq Artificial Intelligence and Robotics ETF Price Performance
Shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF stock traded up $1.39 during trading on Monday, hitting $56.53. 14,500 shares of the stock were exchanged, compared to its average volume of 76,888. The stock has a market cap of $740.54 million, a price-to-earnings ratio of 27.26 and a beta of 1.27. The firm’s 50-day moving average price is $53.04 and its 200 day moving average price is $52.01. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 12-month low of $44.01 and a 12-month high of $60.44.
Institutional Investors Weigh In On First Trust Nasdaq Artificial Intelligence and Robotics ETF
Several institutional investors have recently modified their holdings of ROBT. Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 276.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 809,743 shares of the company’s stock worth $41,999,000 after purchasing an additional 594,815 shares during the last quarter. Rockport Wealth LLC acquired a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the fourth quarter worth about $9,059,000. Bank of America Corp DE increased its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 65.2% during the third quarter. Bank of America Corp DE now owns 407,423 shares of the company’s stock worth $21,549,000 after purchasing an additional 160,725 shares in the last quarter. LPL Financial LLC increased its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 6.9% during the fourth quarter. LPL Financial LLC now owns 956,667 shares of the company’s stock worth $49,619,000 after purchasing an additional 61,896 shares in the last quarter. Finally, Banco Santander S.A. acquired a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the third quarter worth about $2,956,000.
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.
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