Short Interest in ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Declines By 17.6%

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 17,354 shares, a drop of 17.6% from the February 12th total of 21,049 shares. Based on an average daily trading volume, of 10,943 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 10,943 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Basepoint Wealth LLC acquired a new stake in shares of ROBO Global Artificial Intelligence ETF in the fourth quarter valued at approximately $38,000. GPS Wealth Strategies Group LLC acquired a new stake in ROBO Global Artificial Intelligence ETF during the third quarter worth approximately $92,000. NewEdge Advisors LLC acquired a new stake in ROBO Global Artificial Intelligence ETF during the third quarter worth approximately $159,000. Janney Montgomery Scott LLC bought a new position in ROBO Global Artificial Intelligence ETF during the 4th quarter worth $281,000. Finally, Cary Street Partners Financial LLC bought a new position in ROBO Global Artificial Intelligence ETF during the 3rd quarter worth $479,000.

ROBO Global Artificial Intelligence ETF Stock Performance

Shares of THNQ stock traded up $1.26 on Monday, hitting $61.26. The company’s stock had a trading volume of 10,648 shares, compared to its average volume of 16,807. The stock’s 50 day moving average is $63.75 and its 200-day moving average is $64.16. ROBO Global Artificial Intelligence ETF has a fifty-two week low of $37.03 and a fifty-two week high of $69.30. The company has a market capitalization of $279.96 million, a PE ratio of 39.78 and a beta of 1.33.

ROBO Global Artificial Intelligence ETF Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a yield of 20.0%.

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.