Short Interest in ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Decreases By 42.2%

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQGet Free Report) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 16,409 shares, a decline of 42.2% from the May 31st total of 28,413 shares. Based on an average trading volume of 42,145 shares, the short-interest ratio is presently 0.4 days. Approximately 0.4% of the shares of the company are short sold.

Hedge Funds Weigh In On ROBO Global Artificial Intelligence ETF

Institutional investors have recently added to or reduced their stakes in the business. Basepoint Wealth LLC bought a new position in shares of ROBO Global Artificial Intelligence ETF in the fourth quarter worth approximately $38,000. NewEdge Advisors LLC purchased a new stake in ROBO Global Artificial Intelligence ETF during the 3rd quarter valued at $159,000. Janney Montgomery Scott LLC bought a new stake in shares of ROBO Global Artificial Intelligence ETF in the fourth quarter worth about $281,000. Cary Street Partners Financial LLC increased its stake in shares of ROBO Global Artificial Intelligence ETF by 48.8% during the fourth quarter. Cary Street Partners Financial LLC now owns 11,137 shares of the company’s stock valued at $707,000 after buying an additional 3,652 shares during the period. Finally, Flow Traders U.S. LLC bought a new position in ROBO Global Artificial Intelligence ETF in the 3rd quarter worth $1,333,000.

ROBO Global Artificial Intelligence ETF Price Performance

Shares of NYSEARCA THNQ remained flat at $88.18 during mid-day trading on Friday. The stock had a trading volume of 25,713 shares, compared to its average volume of 22,324. The firm has a market capitalization of $438.25 million, a P/E ratio of 39.78 and a beta of 1.47. ROBO Global Artificial Intelligence ETF has a one year low of $53.63 and a one year high of $93.59. The business’s 50-day simple moving average is $83.10 and its 200-day simple moving average is $70.29.

ROBO Global Artificial Intelligence ETF Company Profile

(Get Free Report)

The Robo Global Artificial Intelligence ETF (THNQ) is an exchange-traded fund that is based on the ROBO Global Artificial Intelligence index. The fund tracks a global index of companies involved in developing the technology and the infrastructure of enabling artificial intelligence. THNQ was launched on May 11, 2020 and is managed by ROBO Global.

Further Reading

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