Short Interest in ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Grows By 337.3%

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 320,824 shares, an increase of 337.3% from the July 30th total of 73,369 shares. Based on an average daily trading volume, of 164,776 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On ROBO Global Robotics & Automation ETF

Hedge funds have recently modified their holdings of the company. Compass Financial Management LLC acquired a new position in shares of ROBO Global Robotics & Automation ETF in the second quarter valued at approximately $27,000. Archer Investment Corp acquired a new position in ROBO Global Robotics & Automation ETF in the 4th quarter valued at $30,000. Atlas Capital Advisors Inc. purchased a new position in shares of ROBO Global Robotics & Automation ETF during the 4th quarter worth $39,000. Allied Private Wealth LLC acquired a new stake in shares of ROBO Global Robotics & Automation ETF during the second quarter worth $81,000. Finally, Capital Square LLC acquired a new stake in shares of ROBO Global Robotics & Automation ETF during the second quarter worth $276,000.

ROBO Global Robotics & Automation ETF Stock Up 0.2%

Shares of ROBO traded up $0.15 during trading hours on Wednesday, reaching $81.08. 55,114 shares of the company traded hands, compared to its average volume of 215,438. The stock has a market capitalization of $2.02 billion, a PE ratio of 23.13 and a beta of 1.41. ROBO Global Robotics & Automation ETF has a fifty-two week low of $61.95 and a fifty-two week high of $90.51. The stock has a fifty day simple moving average of $82.02 and a 200 day simple moving average of $79.61.

ROBO Global Robotics & Automation ETF Company Profile

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.