First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Sees Significant Growth in Short Interest

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 34,137 shares, a growth of 64.6% from the July 15th total of 20,744 shares. Based on an average daily trading volume, of 42,426 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Rockport Wealth LLC acquired a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 4th quarter worth about $9,059,000. Gateway Wealth Partners LLC lifted its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 107.4% in the 1st quarter. Gateway Wealth Partners LLC now owns 89,946 shares of the company’s stock valued at $4,152,000 after purchasing an additional 46,582 shares during the last quarter. Royal Bank of Canada grew its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 8.4% during the first quarter. Royal Bank of Canada now owns 225,517 shares of the company’s stock worth $10,410,000 after purchasing an additional 17,495 shares during the period. Marshall Investment Management LLC bought a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the fourth quarter worth about $978,000. Finally, Independent Financial Group LLC acquired a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the first quarter worth approximately $519,000.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Price Performance

Shares of NASDAQ:ROBT opened at $58.68 on Wednesday. The company’s 50-day moving average price is $55.87 and its two-hundred day moving average price is $52.89. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a one year low of $44.01 and a one year high of $60.97. The stock has a market capitalization of $768.71 million, a PE ratio of 27.26 and a beta of 1.27.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.0094 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%.

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.