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

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) was the recipient of a significant growth in short interest in 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. Based on an average daily trading volume, of 120,504 shares, the short-interest ratio is presently 1.9 days. Currently, 1.0% of the company’s stock are sold short.

Hedge Funds Weigh In On ROBO Global Robotics & Automation ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its holdings in ROBO Global Robotics & Automation ETF by 593.3% during the 1st quarter. NewEdge Advisors LLC now owns 6,441 shares of the company’s stock worth $332,000 after purchasing an additional 5,512 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of ROBO Global Robotics & Automation ETF by 280.8% in the second quarter. JPMorgan Chase & Co. now owns 6,006 shares of the company’s stock worth $359,000 after purchasing an additional 4,429 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of ROBO Global Robotics & Automation ETF by 6.4% in the second quarter. Captrust Financial Advisors now owns 22,778 shares of the company’s stock valued at $1,362,000 after purchasing an additional 1,367 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of ROBO Global Robotics & Automation ETF in the third quarter valued at approximately $3,278,000. Finally, GPS Wealth Strategies Group LLC boosted its position in shares of ROBO Global Robotics & Automation ETF by 2,118.6% during the third quarter. GPS Wealth Strategies Group LLC now owns 2,263 shares of the company’s stock valued at $148,000 after buying an additional 2,161 shares during the last quarter.

ROBO Global Robotics & Automation ETF Price Performance

Shares of NYSEARCA ROBO traded down $0.98 during mid-day trading on Tuesday, reaching $86.04. 162,080 shares of the company’s stock traded hands, compared to its average volume of 199,676. The business has a 50-day simple moving average of $74.75 and a 200 day simple moving average of $72.50. The stock has a market cap of $1.89 billion, a P/E ratio of 23.13 and a beta of 1.39. ROBO Global Robotics & Automation ETF has a 1-year low of $54.78 and a 1-year high of $87.49.

About ROBO Global Robotics & Automation ETF

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.