Short Interest in ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Grows By 337.3%

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 320,824 shares, an increase of 337.3% from the July 30th total of 73,369 shares. Based on an average daily volume of 164,776 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.3% of the shares of the stock are sold short.

ROBO Global Robotics & Automation ETF Stock Performance

ROBO stock traded up $0.15 during trading on Wednesday, reaching $81.08. 55,114 shares of the company were exchanged, compared to its average volume of 215,438. The company has a market cap of $2.02 billion, a P/E ratio of 23.13 and a beta of 1.41. ROBO Global Robotics & Automation ETF has a 52-week low of $61.95 and a 52-week high of $90.51. The stock’s 50 day moving average price is $82.02 and its 200 day moving average price is $79.61.

Hedge Funds Weigh In On ROBO Global Robotics & Automation ETF

Several hedge funds have recently bought and sold shares of ROBO. Captrust Financial Advisors boosted its position in ROBO Global Robotics & Automation ETF by 6.4% during the second quarter. Captrust Financial Advisors now owns 22,778 shares of the company’s stock worth $1,362,000 after purchasing an additional 1,367 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of ROBO Global Robotics & Automation ETF by 1,820.6% in the 4th quarter. Advisory Services Network LLC now owns 11,831 shares of the company’s stock worth $820,000 after buying an additional 11,215 shares in the last quarter. Beck Capital Management LLC grew its stake in ROBO Global Robotics & Automation ETF by 4.1% in the 4th quarter. Beck Capital Management LLC now owns 10,544 shares of the company’s stock valued at $731,000 after acquiring an additional 419 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in ROBO Global Robotics & Automation ETF by 63.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,802 shares of the company’s stock valued at $643,000 after acquiring an additional 3,796 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in ROBO Global Robotics & Automation ETF by 424.1% during the third quarter. NewEdge Advisors LLC now owns 7,814 shares of the company’s stock worth $512,000 after acquiring an additional 6,323 shares during the last quarter.

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.