Short Interest in ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Expands By 495.2%

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 553,318 shares, a growth of 495.2% from the May 14th total of 92,960 shares. Currently, 2.5% of the shares of the company are sold short. Based on an average trading volume of 351,718 shares, the short-interest ratio is currently 1.6 days.

ROBO Global Robotics & Automation ETF Stock Performance

Shares of ROBO Global Robotics & Automation ETF stock traded up $2.93 during trading on Thursday, hitting $82.43. 176,443 shares of the stock were exchanged, compared to its average volume of 227,888. The stock’s fifty day moving average is $81.53 and its 200 day moving average is $75.48. The stock has a market cap of $1.81 billion, a PE ratio of 23.13 and a beta of 1.40. ROBO Global Robotics & Automation ETF has a 12 month low of $55.84 and a 12 month high of $90.51.

Hedge Funds Weigh In On ROBO Global Robotics & Automation ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fortis Group Advisors LLC grew its position in ROBO Global Robotics & Automation ETF by 3,628.9% in the 3rd quarter. Fortis Group Advisors LLC now owns 18,719 shares of the company’s stock valued at $1,301,000 after buying an additional 18,217 shares in the last quarter. Strive Financial Group LLC acquired a new stake in ROBO Global Robotics & Automation ETF in the 4th quarter valued at about $264,000. Atlas Capital Advisors Inc. acquired a new stake in ROBO Global Robotics & Automation ETF in the 4th quarter valued at about $39,000. Janney Montgomery Scott LLC lifted its holdings in ROBO Global Robotics & Automation ETF by 14.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,805 shares of the company’s stock valued at $402,000 after acquiring an additional 726 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in ROBO Global Robotics & Automation ETF by 424.1% in the 3rd quarter. NewEdge Advisors LLC now owns 7,814 shares of the company’s stock valued at $512,000 after acquiring an additional 6,323 shares during the last quarter.

ROBO Global Robotics & Automation ETF Company Profile

The Robo Global Robotics and Automation Index ETF (ROBO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a global index of companies involved in robotics and automation. The portfolio utilizes a tiered weighting strategy. ROBO was launched on Oct 22, 2013 and is managed by ROBO Global.