Short Interest in ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Increases By 769.1%

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 229,534 shares, a growth of 769.1% from the April 15th total of 26,411 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 120,504 shares, the days-to-cover ratio is currently 1.9 days.

ROBO Global Robotics & Automation ETF Trading Up 1.4%

ROBO Global Robotics & Automation ETF stock traded up $1.22 on Wednesday, hitting $87.26. 484,896 shares of the stock traded hands, compared to its average volume of 202,816. The firm has a market cap of $1.91 billion, a P/E ratio of 23.13 and a beta of 1.39. The business’s fifty day simple moving average is $75.09 and its 200 day simple moving average is $72.76. ROBO Global Robotics & Automation ETF has a 1 year low of $54.78 and a 1 year high of $87.50.

Hedge Funds Weigh In On ROBO Global Robotics & Automation ETF

Large investors have recently modified their holdings of the stock. Archer Investment Corp purchased a new position in shares of ROBO Global Robotics & Automation ETF in the 4th quarter worth about $30,000. Atlas Capital Advisors Inc. purchased a new position in shares of ROBO Global Robotics & Automation ETF in the 4th quarter worth about $39,000. Cloud Capital Management LLC purchased a new position in shares of ROBO Global Robotics & Automation ETF in the 3rd quarter worth about $38,000. GPS Wealth Strategies Group LLC raised its position in shares of ROBO Global Robotics & Automation ETF by 2,118.6% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 2,263 shares of the company’s stock worth $148,000 after purchasing an additional 2,161 shares during the last quarter. Finally, Strive Financial Group LLC purchased a new position in shares of ROBO Global Robotics & Automation ETF in the 4th quarter worth about $264,000.

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.