First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Shares Shorted: Short Interest Down 59.9% in September

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 9,464 shares, a decrease of 59.9% from the August 31st total of 23,606 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 43,174 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Down 1.5%

Shares of ROBT stock traded down $0.88 during trading hours on Monday, hitting $58.89. 31,354 shares of the company were exchanged, compared to its average volume of 63,116. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 52 week low of $44.01 and a 52 week high of $60.97. The business has a 50 day moving average of $57.87 and a two-hundred day moving average of $54.48. The company has a market capitalization of $771.46 million, a PE ratio of 27.26 and a beta of 1.28.

Institutional Trading of First Trust Nasdaq Artificial Intelligence and Robotics ETF

Several hedge funds and other institutional investors have recently modified their holdings of ROBT. Bank of America Corp DE lifted its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 14.3% in the first quarter. Bank of America Corp DE now owns 492,874 shares of the company’s stock valued at $22,751,000 after purchasing an additional 61,725 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 23.6% during the second quarter. Envestnet Asset Management Inc. now owns 285,440 shares of the company’s stock worth $16,059,000 after buying an additional 54,416 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 1.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 217,292 shares of the company’s stock valued at $11,270,000 after buying an additional 2,364 shares during the last quarter. Royal Bank of Canada lifted its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 8.4% in the 1st quarter. Royal Bank of Canada now owns 225,517 shares of the company’s stock valued at $10,410,000 after acquiring an additional 17,495 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 2.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 113,881 shares of the company’s stock worth $5,257,000 after acquiring an additional 3,073 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.