Short Interest in ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Declines By 74.9%

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 80,538 shares, a drop of 74.9% from the August 15th total of 320,824 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 247,615 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On ROBO Global Robotics & Automation ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Compass Financial Management LLC acquired a new position in ROBO Global Robotics & Automation ETF in the 2nd quarter worth approximately $27,000. Atlas Capital Advisors Inc. purchased a new position in ROBO Global Robotics & Automation ETF during the 4th quarter worth approximately $39,000. Allied Private Wealth LLC acquired a new stake in ROBO Global Robotics & Automation ETF during the 2nd quarter valued at approximately $81,000. Capital Square LLC acquired a new stake in ROBO Global Robotics & Automation ETF during the 2nd quarter valued at approximately $276,000. Finally, Strive Financial Group LLC purchased a new stake in shares of ROBO Global Robotics & Automation ETF in the 4th quarter valued at $264,000.

ROBO Global Robotics & Automation ETF Price Performance

ROBO traded up $1.29 on Friday, reaching $79.11. 76,700 shares of the stock were exchanged, compared to its average volume of 211,526. The company’s 50-day moving average price is $80.91 and its 200 day moving average price is $79.91. The firm has a market capitalization of $1.97 billion, a PE ratio of 23.13 and a beta of 1.41. ROBO Global Robotics & Automation ETF has a fifty-two week low of $62.80 and a fifty-two week high of $90.51.

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.