First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Short Interest Down 43.0% in January

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 37,499 shares, a decline of 43.0% from the December 31st total of 65,812 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 84,093 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 84,093 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Armstrong Advisory Group Inc. acquired a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the third quarter valued at $27,000. Root Financial Partners LLC bought a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the third quarter worth approximately $28,000. Ameritas Advisory Services LLC bought a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the second quarter valued at approximately $29,000. Hazlett Burt & Watson Inc. acquired a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 3rd quarter worth $42,000. Finally, New England Capital Financial Advisors LLC lifted its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 31.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 977 shares of the company’s stock valued at $47,000 after purchasing an additional 231 shares during the period.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Down 2.6%

Shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF stock traded down $1.36 during trading on Friday, reaching $51.90. The company’s stock had a trading volume of 82,516 shares, compared to its average volume of 87,586. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a one year low of $34.38 and a one year high of $56.64. The stock has a 50-day moving average price of $53.19 and a two-hundred day moving average price of $52.49. The stock has a market capitalization of $682.49 million, a P/E ratio of 27.26 and a beta of 1.23.

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.