ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO – Get Free Report) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 73,495 shares, a decrease of 86.7% from the May 31st total of 553,318 shares. Based on an average trading volume of 334,380 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the company’s stock are sold short.
ROBO Global Robotics & Automation ETF Stock Down 1.9%
Shares of ROBO traded down $1.55 during midday trading on Friday, hitting $81.89. The company had a trading volume of 125,388 shares, compared to its average volume of 227,426. The company’s 50 day moving average price is $84.01 and its 200 day moving average price is $76.62. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 23.13 and a beta of 1.40. ROBO Global Robotics & Automation ETF has a 52 week low of $59.16 and a 52 week high of $90.51.
Institutional Trading of ROBO Global Robotics & Automation ETF
Hedge funds and other institutional investors have recently bought and sold shares of the company. Archer Investment Corp acquired a new stake in ROBO Global Robotics & Automation ETF during the fourth quarter valued at approximately $30,000. Atlas Capital Advisors Inc. acquired a new position in shares of ROBO Global Robotics & Automation ETF in the 4th quarter worth approximately $39,000. Strive Financial Group LLC acquired a new position in shares of ROBO Global Robotics & Automation ETF in the 4th quarter worth approximately $264,000. NewEdge Advisors LLC increased its holdings in shares of ROBO Global Robotics & Automation ETF by 593.3% in the 1st quarter. NewEdge Advisors LLC now owns 6,441 shares of the company’s stock valued at $332,000 after acquiring an additional 5,512 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of ROBO Global Robotics & Automation ETF by 280.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,006 shares of the company’s stock valued at $359,000 after acquiring an additional 4,429 shares during the last quarter.
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.
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