Short Interest in First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Increases By 70.3%

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 23,606 shares, a growth of 70.3% from the August 15th total of 13,862 shares. Based on an average daily volume of 35,427 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are sold short.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Down 0.3%

NASDAQ:ROBT traded down $0.17 during mid-day trading on Wednesday, hitting $57.65. 21,814 shares of the company’s stock were exchanged, compared to its average volume of 64,803. The company has a 50 day simple moving average of $57.24 and a 200-day simple moving average of $53.97. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a fifty-two week low of $44.01 and a fifty-two week high of $60.97. The firm has a market capitalization of $755.22 million, a P/E ratio of 27.26 and a beta of 1.28.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.0094 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Thursday, June 25th.

Institutional Trading of First Trust Nasdaq Artificial Intelligence and Robotics ETF

Several institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC lifted its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 0.9% during the 1st quarter. NewEdge Advisors LLC now owns 26,484 shares of the company’s stock worth $1,222,000 after buying an additional 234 shares during the period. Bessemer Group Inc. grew its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 3.2% in the 1st quarter. Bessemer Group Inc. now owns 8,095 shares of the company’s stock valued at $374,000 after buying an additional 250 shares during the last quarter. Apollon Financial LLC increased its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 4.2% in the first quarter. Apollon Financial LLC now owns 12,589 shares of the company’s stock valued at $581,000 after buying an additional 507 shares during the period. Allied Private Wealth LLC acquired a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the second quarter valued at about $29,000. Finally, Accel Wealth Management increased its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 12.8% in the second quarter. Accel Wealth Management now owns 5,314 shares of the company’s stock valued at $299,000 after buying an additional 601 shares during the period.

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.