ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Shares Shorted: Short Interest Up 133.9% in September

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 79,813 shares, an increase of 133.9% from the September 15th total of 34,124 shares. Based on an average daily trading volume, of 52,860 shares, the short-interest ratio is presently 1.5 days. Approximately 1.6% of the shares of the stock are short sold.

ROBO Global Artificial Intelligence ETF Trading Down 4.1%

Shares of NYSEARCA:THNQ traded down $3.93 during midday trading on Wednesday, hitting $92.27. 126,351 shares of the stock were exchanged, compared to its average volume of 25,634. ROBO Global Artificial Intelligence ETF has a twelve month low of $55.58 and a twelve month high of $102.49. The stock has a market cap of $484.42 million, a P/E ratio of 39.78 and a beta of 1.49. The company has a 50 day moving average price of $92.97 and a 200-day moving average price of $84.26.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in ROBO Global Artificial Intelligence ETF stock. Valley Wealth Managers Inc. lifted its holdings in shares of ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) by 20.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,048 shares of the company’s stock after purchasing an additional 3,736 shares during the quarter. Valley Wealth Managers Inc. owned about 0.43% of ROBO Global Artificial Intelligence ETF worth $2,142,000 as of its most recent SEC filing.

About ROBO Global Artificial Intelligence ETF

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.