ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Sees Large Decline in Short Interest

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 17,354 shares, a decline of 17.6% from the February 12th total of 21,049 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 10,943 shares, the short-interest ratio is currently 1.6 days. Based on an average daily volume of 10,943 shares, the short-interest ratio is currently 1.6 days. Currently, 0.4% of the company’s stock are short sold.

ROBO Global Artificial Intelligence ETF Trading Up 1.6%

Shares of ROBO Global Artificial Intelligence ETF stock opened at $62.21 on Wednesday. The firm has a market cap of $284.30 million, a P/E ratio of 39.78 and a beta of 1.33. ROBO Global Artificial Intelligence ETF has a 12 month low of $37.03 and a 12 month high of $69.30. The stock’s fifty day moving average price is $63.56 and its 200-day moving average price is $64.19.

ROBO Global Artificial Intelligence ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were issued a $0.13 dividend. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 20.0%.

Hedge Funds Weigh In On ROBO Global Artificial Intelligence ETF

A number of large investors have recently bought and sold shares of THNQ. Basepoint Wealth LLC bought a new stake in ROBO Global Artificial Intelligence ETF during the 4th quarter valued at $38,000. GPS Wealth Strategies Group LLC purchased a new position in ROBO Global Artificial Intelligence ETF in the third quarter valued at about $92,000. NewEdge Advisors LLC purchased a new stake in shares of ROBO Global Artificial Intelligence ETF during the third quarter valued at about $159,000. Janney Montgomery Scott LLC purchased a new stake in shares of ROBO Global Artificial Intelligence ETF during the fourth quarter valued at about $281,000. Finally, Cary Street Partners Financial LLC purchased a new position in shares of ROBO Global Artificial Intelligence ETF in the 3rd quarter worth approximately $479,000.

ROBO Global Artificial Intelligence ETF Company Profile

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.