First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Short Interest Down 59.4% in August

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 13,862 shares, a decline of 59.4% from the July 30th total of 34,137 shares. Based on an average trading volume of 42,983 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On First Trust Nasdaq Artificial Intelligence and Robotics ETF

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. boosted its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 2.8% during the second quarter. Raymond James Financial Inc. now owns 151,064 shares of the company’s stock worth $7,296,000 after purchasing an additional 4,081 shares during the period. Ameriprise Financial Inc. increased its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 4.1% during the second quarter. Ameriprise Financial Inc. now owns 172,829 shares of the company’s stock valued at $8,352,000 after buying an additional 6,731 shares during the period. Benjamin Edwards Inc. raised its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 49.1% during the second quarter. Benjamin Edwards Inc. now owns 72,523 shares of the company’s stock valued at $3,503,000 after acquiring an additional 23,879 shares in the last quarter. Great Valley Advisor Group Inc. purchased a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the second quarter worth $240,000. Finally, MML Investors Services LLC lifted its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 30.8% in the second quarter. MML Investors Services LLC now owns 44,356 shares of the company’s stock worth $2,142,000 after acquiring an additional 10,433 shares during the period.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Performance

ROBT traded down $0.39 on Friday, hitting $60.18. 43,399 shares of the company were exchanged, compared to its average volume of 66,424. The firm has a fifty day simple moving average of $56.53 and a two-hundred day simple moving average of $53.33. The stock has a market capitalization of $788.36 million, a PE ratio of 27.26 and a beta of 1.27. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 12 month low of $44.01 and a 12 month high of $60.97.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Dividend Announcement

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

About First Trust Nasdaq Artificial Intelligence and Robotics ETF

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.