Short Interest in ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Rises By 256.5%

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 4,250 shares, a growth of 256.5% from the November 30th total of 1,192 shares. Based on an average trading volume of 14,409 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 14,409 shares, the days-to-cover ratio is currently 0.3 days.

ROBO Global Artificial Intelligence ETF Stock Up 0.0%

Shares of NYSEARCA:THNQ traded up $0.01 during trading on Thursday, reaching $64.86. 13,846 shares of the company’s stock traded hands, compared to its average volume of 25,733. 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 50-day simple moving average of $65.03 and a 200-day simple moving average of $60.61. The firm has a market cap of $291.87 million, a PE ratio of 39.78 and a beta of 1.33.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors purchased a new stake in shares of ROBO Global Artificial Intelligence ETF in the second quarter valued at about $213,000. Strategic Advocates LLC grew its stake in shares of ROBO Global Artificial Intelligence ETF by 5.8% in the second quarter. Strategic Advocates LLC now owns 28,834 shares of the company’s stock valued at $1,586,000 after buying an additional 1,580 shares in the last quarter. GPS Wealth Strategies Group LLC acquired a new stake in shares of ROBO Global Artificial Intelligence ETF during the third quarter worth about $92,000. Cary Street Partners Financial LLC purchased a new position in ROBO Global Artificial Intelligence ETF in the 3rd quarter valued at approximately $479,000. Finally, NewEdge Advisors LLC acquired a new position in ROBO Global Artificial Intelligence ETF during the 3rd quarter worth $159,000.

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.