ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Short Interest Update

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 92,960 shares, a drop of 59.5% from the April 30th total of 229,534 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 191,792 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ROBO. Fortis Group Advisors LLC grew its position in ROBO Global Robotics & Automation ETF by 3,628.9% in the third quarter. Fortis Group Advisors LLC now owns 18,719 shares of the company’s stock worth $1,301,000 after acquiring an additional 18,217 shares during the period. Advisory Services Network LLC raised its holdings in ROBO Global Robotics & Automation ETF by 1,820.6% in the 4th quarter. Advisory Services Network LLC now owns 11,831 shares of the company’s stock valued at $820,000 after buying an additional 11,215 shares during the period. NewEdge Advisors LLC raised its holdings in ROBO Global Robotics & Automation ETF by 424.1% in the 3rd quarter. NewEdge Advisors LLC now owns 7,814 shares of the company’s stock valued at $512,000 after buying an additional 6,323 shares during the period. JPMorgan Chase & Co. raised its holdings in ROBO Global Robotics & Automation ETF by 280.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,006 shares of the company’s stock valued at $359,000 after buying an additional 4,429 shares during the period. Finally, Strive Financial Group LLC purchased a new stake in ROBO Global Robotics & Automation ETF in the 4th quarter valued at about $264,000.

ROBO Global Robotics & Automation ETF Stock Up 1.0%

Shares of ROBO Global Robotics & Automation ETF stock traded up $0.93 during trading hours on Monday, reaching $89.57. 283,786 shares of the company’s stock were exchanged, compared to its average volume of 215,987. The business has a fifty day moving average of $78.90 and a two-hundred day moving average of $74.37. ROBO Global Robotics & Automation ETF has a 1 year low of $55.47 and a 1 year high of $90.10. The company has a market capitalization of $1.96 billion, a P/E ratio of 23.13 and a beta of 1.39.

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.