ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Short Interest Update

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 28,413 shares, a decline of 63.9% from the May 14th total of 78,740 shares. Based on an average daily trading volume, of 37,020 shares, the short-interest ratio is presently 0.8 days. Approximately 0.6% of the shares of the company are short sold.

ROBO Global Artificial Intelligence ETF Price Performance

Shares of NYSEARCA THNQ traded up $0.54 during midday trading on Friday, reaching $86.15. The company’s stock had a trading volume of 29,124 shares, compared to its average volume of 21,493. ROBO Global Artificial Intelligence ETF has a 12-month low of $51.38 and a 12-month high of $93.59. The firm has a 50 day moving average price of $76.40 and a 200-day moving average price of $67.96. The stock has a market capitalization of $390.26 million, a P/E ratio of 39.78 and a beta of 1.48.

Institutional Investors Weigh In On ROBO Global Artificial Intelligence ETF

A number of hedge funds have recently modified their holdings of the stock. Strategic Advocates LLC raised its holdings in shares of ROBO Global Artificial Intelligence ETF by 4.2% in the 4th quarter. Strategic Advocates LLC now owns 31,314 shares of the company’s stock worth $2,001,000 after purchasing an additional 1,255 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of ROBO Global Artificial Intelligence ETF in the 3rd quarter worth approximately $1,333,000. Cary Street Partners Financial LLC raised its holdings in shares of ROBO Global Artificial Intelligence ETF by 48.8% in the 4th quarter. Cary Street Partners Financial LLC now owns 11,137 shares of the company’s stock worth $707,000 after purchasing an additional 3,652 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of ROBO Global Artificial Intelligence ETF by 66.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,360 shares of the company’s stock worth $434,000 after purchasing an additional 2,935 shares during the period. Finally, NewEdge Advisors LLC bought a new stake in shares of ROBO Global Artificial Intelligence ETF in the 3rd quarter worth approximately $159,000.

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.