ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO – Get Free Report) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 320,824 shares, an increase of 337.3% from the July 30th total of 73,369 shares. Based on an average daily volume of 164,776 shares, the short-interest ratio is currently 1.9 days. Currently, 1.3% of the shares of the company are short sold.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Beck Capital Management LLC increased its position in shares of ROBO Global Robotics & Automation ETF by 4.1% during the 4th quarter. Beck Capital Management LLC now owns 10,544 shares of the company’s stock valued at $731,000 after purchasing an additional 419 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of 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 buying an additional 295 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of ROBO Global Robotics & Automation ETF by 63.2% in the third quarter. JPMorgan Chase & Co. now owns 9,802 shares of the company’s stock worth $643,000 after buying an additional 3,796 shares during the last quarter. Strive Financial Group LLC bought a new stake in ROBO Global Robotics & Automation ETF during the fourth quarter valued at approximately $264,000. Finally, Atlas Capital Advisors Inc. bought a new stake in ROBO Global Robotics & Automation ETF during the fourth quarter valued at approximately $39,000.
ROBO Global Robotics & Automation ETF Stock Down 1.7%
ROBO traded down $1.41 during mid-day trading on Friday, reaching $80.78. 77,124 shares of the company traded hands, compared to its average volume of 216,508. The company’s fifty day moving average price is $81.89 and its 200-day moving average price is $79.73. The stock has a market capitalization of $2.01 billion, a P/E ratio of 23.13 and a beta of 1.41. ROBO Global Robotics & Automation ETF has a 52-week low of $61.95 and a 52-week high of $90.51.
ROBO Global Robotics & Automation ETF Company Profile
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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