First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Shares Shorted: Short Interest Up 66.2% in September

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 15,732 shares, a growth of 66.2% from the September 15th total of 9,464 shares. Based on an average trading volume of 29,746 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s shares are sold short.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Up 0.6%

First Trust Nasdaq Artificial Intelligence and Robotics ETF stock opened at $58.07 on Friday. The business’s 50-day simple moving average is $59.16 and its 200 day simple moving average is $55.63. The stock has a market cap of $760.72 million, a price-to-earnings ratio of 27.26 and a beta of 1.30. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 12-month low of $44.01 and a 12-month high of $61.72.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 14.3% in the 1st quarter. Bank of America Corp DE now owns 492,874 shares of the company’s stock valued at $22,751,000 after purchasing an additional 61,725 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 23.6% in the second quarter. Envestnet Asset Management Inc. now owns 285,440 shares of the company’s stock valued at $16,059,000 after acquiring an additional 54,416 shares during the last quarter. Royal Bank of Canada boosted its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 8.4% in the first quarter. Royal Bank of Canada now owns 225,517 shares of the company’s stock valued at $10,410,000 after acquiring an additional 17,495 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 2.8% in the first quarter. Janney Montgomery Scott LLC now owns 113,881 shares of the company’s stock valued at $5,257,000 after acquiring an additional 3,073 shares during the last quarter. Finally, Gateway Wealth Partners LLC boosted its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 107.4% in the first quarter. Gateway Wealth Partners LLC now owns 89,946 shares of the company’s stock valued at $4,152,000 after acquiring an additional 46,582 shares during the last quarter.

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.