ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Sees Large Increase in Short Interest

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 78,740 shares, an increase of 257.6% from the April 30th total of 22,021 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average trading volume of 25,336 shares, the days-to-cover ratio is currently 3.1 days.

ROBO Global Artificial Intelligence ETF Trading Up 0.1%

NYSEARCA THNQ traded up $0.13 on Friday, reaching $88.32. The company’s stock had a trading volume of 23,152 shares, compared to its average volume of 19,195. The firm has a market cap of $400.09 million, a PE ratio of 39.78 and a beta of 1.43. The business has a 50-day moving average price of $70.20 and a 200 day moving average price of $66.11. ROBO Global Artificial Intelligence ETF has a 52 week low of $49.41 and a 52 week high of $88.97.

Institutional Trading of ROBO Global Artificial Intelligence ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC acquired a new stake in shares of ROBO Global Artificial Intelligence ETF during the 3rd quarter worth about $1,333,000. Cary Street Partners Financial LLC acquired a new stake in shares of ROBO Global Artificial Intelligence ETF during the 3rd quarter worth about $479,000. Janney Montgomery Scott LLC acquired a new stake in shares of ROBO Global Artificial Intelligence ETF during the 4th quarter worth about $281,000. NewEdge Advisors LLC acquired a new stake in shares of ROBO Global Artificial Intelligence ETF during the 3rd quarter worth about $159,000. Finally, GPS Wealth Strategies Group LLC acquired a new stake in shares of ROBO Global Artificial Intelligence ETF during the 3rd quarter worth about $92,000.

ROBO Global Artificial Intelligence ETF Company Profile

The Robo Global Artificial Intelligence ETF (THNQ) is an exchange-traded fund that is based on the ROBO Global Artificial Intelligence index. The fund tracks a global index of companies involved in developing the technology and the infrastructure of enabling artificial intelligence. THNQ was launched on May 11, 2020 and is managed by ROBO Global.