ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Shares Shorted: Short Interest Up 270.5% in October

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 7,780 shares, an increase of 270.5% from the October 15th total of 2,100 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 23,208 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of ROBO Global Artificial Intelligence ETF

An institutional investor recently raised its stake in ROBO Global Artificial Intelligence ETF stock. Janney Montgomery Scott LLC increased its position in ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) by 66.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,360 shares of the company’s stock after acquiring an additional 2,935 shares during the quarter. Janney Montgomery Scott LLC owned about 0.16% of ROBO Global Artificial Intelligence ETF worth $434,000 at the end of the most recent quarter.

ROBO Global Artificial Intelligence ETF Stock Down 1.3%

ROBO Global Artificial Intelligence ETF stock traded down $1.12 during midday trading on Thursday, reaching $83.56. The stock had a trading volume of 58,089 shares, compared to its average volume of 27,443. The firm’s 50-day moving average price is $91.27 and its 200 day moving average price is $80.03. ROBO Global Artificial Intelligence ETF has a 12 month low of $55.58 and a 12 month high of $102.49. The firm has a market capitalization of $416.13 million, a PE ratio of 35.76 and a beta of 1.52.

About ROBO Global Artificial Intelligence ETF

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.