ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Sees Significant Growth in Short Interest

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 85,864 shares, an increase of 162.8% from the July 30th total of 32,668 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average trading volume of 33,656 shares, the short-interest ratio is presently 2.6 days.

ROBO Global Artificial Intelligence ETF Stock Performance

THNQ traded down $1.91 on Friday, hitting $90.94. The company had a trading volume of 14,168 shares, compared to its average volume of 22,423. The stock has a market capitalization of $454.70 million, a price-to-earnings ratio of 39.78 and a beta of 1.48. The stock has a fifty day moving average price of $88.03 and a 200-day moving average price of $76.97. ROBO Global Artificial Intelligence ETF has a 12-month low of $55.58 and a 12-month high of $94.58.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Flow Traders U.S. LLC purchased a new stake in ROBO Global Artificial Intelligence ETF in the third quarter valued at about $1,333,000. NewEdge Advisors LLC acquired a new position in shares of ROBO Global Artificial Intelligence ETF in the 3rd quarter valued at $159,000. Cary Street Partners Financial LLC raised its position in shares of ROBO Global Artificial Intelligence ETF by 48.8% in the fourth quarter. Cary Street Partners Financial LLC now owns 11,137 shares of the company’s stock worth $707,000 after acquiring an additional 3,652 shares during the period. Basepoint Wealth LLC acquired a new stake in ROBO Global Artificial Intelligence ETF in the 4th quarter valued at $38,000. Finally, Strategic Advocates LLC lifted its stake in ROBO Global Artificial Intelligence ETF by 4.2% in the 4th quarter. Strategic Advocates LLC now owns 31,314 shares of the company’s stock valued at $2,001,000 after buying an additional 1,255 shares in the last quarter.

About ROBO Global Artificial Intelligence ETF

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.