Short Interest in First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Rises By 64.6%

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 34,137 shares, an increase of 64.6% from the July 15th total of 20,744 shares. Based on an average trading volume of 42,426 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the company’s stock are short sold.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Down 1.0%

ROBT stock traded down $0.63 during mid-day trading on Monday, reaching $59.61. 16,055 shares of the company traded hands, compared to its average volume of 68,087. The stock has a market cap of $780.89 million, a price-to-earnings ratio of 27.26 and a beta of 1.27. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a fifty-two week low of $44.01 and a fifty-two week high of $60.97. The firm’s 50 day moving average price is $55.74 and its 200 day moving average price is $52.82.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.0094 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%.

Hedge Funds Weigh In On First Trust Nasdaq Artificial Intelligence and Robotics ETF

Several large investors have recently bought and sold shares of the stock. Orion Porfolio Solutions LLC increased its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 2.6% during the fourth quarter. Orion Porfolio Solutions LLC now owns 8,372 shares of the company’s stock valued at $434,000 after buying an additional 213 shares during the period. HighTower Advisors LLC boosted its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 5.4% in the fourth quarter. HighTower Advisors LLC now owns 4,248 shares of the company’s stock valued at $220,000 after acquiring an additional 219 shares during the period. NewEdge Advisors LLC boosted its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 0.9% in the first quarter. NewEdge Advisors LLC now owns 26,484 shares of the company’s stock valued at $1,222,000 after acquiring an additional 234 shares during the period. Comerica Bank grew its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 8.5% during the third quarter. Comerica Bank now owns 3,193 shares of the company’s stock valued at $169,000 after acquiring an additional 250 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 3.2% during the 1st quarter. Bessemer Group Inc. now owns 8,095 shares of the company’s stock worth $374,000 after acquiring an additional 250 shares during the period.

About First Trust Nasdaq Artificial Intelligence and Robotics ETF

The First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified equal-weighted index of all-cap, global companies involved in artificial intelligence or robotics. ROBT was launched on Feb 21, 2018 and is managed by First Trust.