ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Short Interest Down 42.2% in June

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 16,409 shares, a decline of 42.2% from the May 31st total of 28,413 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 42,145 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of ROBO Global Artificial Intelligence ETF

Hedge funds have recently modified their holdings of the company. Basepoint Wealth LLC bought a new stake in shares of ROBO Global Artificial Intelligence ETF in the 4th quarter valued at about $38,000. NewEdge Advisors LLC bought a new position in shares of ROBO Global Artificial Intelligence ETF during the 3rd quarter worth approximately $159,000. Janney Montgomery Scott LLC purchased a new stake in ROBO Global Artificial Intelligence ETF during the fourth quarter valued at approximately $281,000. Cary Street Partners Financial LLC lifted its position in ROBO Global Artificial Intelligence ETF by 48.8% during the fourth quarter. Cary Street Partners Financial LLC now owns 11,137 shares of the company’s stock valued at $707,000 after acquiring an additional 3,652 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in ROBO Global Artificial Intelligence ETF during the third quarter valued at approximately $1,333,000.

ROBO Global Artificial Intelligence ETF Stock Down 2.6%

Shares of NYSEARCA THNQ traded down $2.32 during mid-day trading on Thursday, reaching $88.18. 25,713 shares of the company were exchanged, compared to its average volume of 22,324. ROBO Global Artificial Intelligence ETF has a 1 year low of $53.63 and a 1 year high of $93.59. The firm has a 50-day moving average of $83.10 and a 200 day moving average of $70.29. The stock has a market cap of $438.25 million, a price-to-earnings ratio of 39.78 and a beta of 1.47.

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.