ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Short Interest Down 86.7% in June

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 73,495 shares, a decline of 86.7% from the May 31st total of 553,318 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 334,380 shares, the short-interest ratio is presently 0.2 days.

ROBO Global Robotics & Automation ETF Trading Down 1.7%

ROBO stock traded down $1.44 on Friday, hitting $82.00. 168,046 shares of the company’s stock traded hands, compared to its average volume of 227,800. 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 1-year low of $59.16 and a 1-year high of $90.51. The stock has a fifty day moving average of $84.12 and a 200-day moving average of $76.66.

Institutional Investors Weigh In On ROBO Global Robotics & Automation ETF

Several hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC lifted its stake in ROBO Global Robotics & Automation ETF by 5.1% during the first quarter. Janney Montgomery Scott LLC now owns 6,100 shares of the company’s stock valued at $417,000 after buying an additional 295 shares in the last quarter. Strive Financial Group LLC purchased a new stake in shares of ROBO Global Robotics & Automation ETF in the 4th quarter valued at approximately $264,000. Advisory Services Network LLC lifted its position in shares of ROBO Global Robotics & Automation ETF by 1,820.6% in the 4th quarter. Advisory Services Network LLC now owns 11,831 shares of the company’s stock valued at $820,000 after acquiring an additional 11,215 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in ROBO Global Robotics & Automation ETF in the 4th quarter worth approximately $39,000. Finally, Beck Capital Management LLC boosted its stake in ROBO Global Robotics & Automation ETF by 4.1% in the 4th quarter. Beck Capital Management LLC now owns 10,544 shares of the company’s stock worth $731,000 after purchasing an additional 419 shares during the period.

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.