First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Short Interest Update

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 20,744 shares, a decrease of 66.4% from the June 30th total of 61,662 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 36,506 shares, the days-to-cover ratio is presently 0.6 days.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Performance

Shares of NASDAQ:ROBT traded up $0.25 during trading on Tuesday, reaching $54.02. The stock had a trading volume of 43,644 shares, compared to its average volume of 70,336. The firm’s fifty day moving average is $55.59 and its 200 day moving average is $52.52. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 52 week low of $44.01 and a 52 week high of $60.44. The stock has a market cap of $707.66 million, a price-to-earnings ratio of 27.26 and a beta of 1.27.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.0094 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ROBT. Northwestern Mutual Wealth Management Co. raised its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 276.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 809,743 shares of the company’s stock valued at $41,999,000 after buying an additional 594,815 shares in the last quarter. Rockport Wealth LLC purchased a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the fourth quarter valued at approximately $9,059,000. Bank of America Corp DE grew its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 65.2% in the third quarter. Bank of America Corp DE now owns 407,423 shares of the company’s stock worth $21,549,000 after purchasing an additional 160,725 shares during the last quarter. LPL Financial LLC increased its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 6.9% in the fourth quarter. LPL Financial LLC now owns 956,667 shares of the company’s stock worth $49,619,000 after buying an additional 61,896 shares during the period. Finally, Gateway Wealth Partners LLC raised its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 107.4% during the 1st quarter. Gateway Wealth Partners LLC now owns 89,946 shares of the company’s stock valued at $4,152,000 after buying an additional 46,582 shares during the last quarter.

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.