ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Short Interest Down 82.8% in July

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 73,369 shares, a decrease of 82.8% from the July 15th total of 425,844 shares. Based on an average trading volume of 141,040 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital Square LLC purchased a new stake in shares of ROBO Global Robotics & Automation ETF in the second quarter worth about $276,000. Compass Financial Management LLC purchased a new position in shares of ROBO Global Robotics & Automation ETF during the 2nd quarter valued at approximately $27,000. Allied Private Wealth LLC purchased a new position in shares of ROBO Global Robotics & Automation ETF during the 2nd quarter valued at approximately $81,000. Noble Wealth Management PBC lifted its stake in shares of ROBO Global Robotics & Automation ETF by 105.6% in the 2nd quarter. Noble Wealth Management PBC now owns 4,688 shares of the company’s stock valued at $402,000 after purchasing an additional 2,408 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in shares of ROBO Global Robotics & Automation ETF by 5.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,100 shares of the company’s stock valued at $417,000 after purchasing an additional 295 shares during the period.

ROBO Global Robotics & Automation ETF Stock Down 0.2%

Shares of NYSEARCA:ROBO traded down $0.18 during trading on Friday, hitting $84.83. The stock had a trading volume of 115,544 shares, compared to its average volume of 214,273. ROBO Global Robotics & Automation ETF has a 12-month low of $61.93 and a 12-month high of $90.51. The stock has a 50-day simple moving average of $82.20 and a two-hundred day simple moving average of $79.12. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 23.13 and a beta of 1.41.

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.