ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Shares Down 7.9% – Here’s What Happened

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO)’s share price traded down 7.9% during trading on Thursday. The company traded as low as $68.82 and last traded at $68.82. Approximately 312,966 shares changed hands during trading, an increase of 59% from the average daily volume of 196,325 shares. The stock had previously closed at $74.72.

ROBO Global Robotics & Automation ETF Stock Performance

The firm has a fifty day simple moving average of $78.62 and a two-hundred day simple moving average of $78.97. The firm has a market cap of $1.73 billion, a PE ratio of 23.13 and a beta of 1.44.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Compass Financial Management LLC purchased a new position in shares of ROBO Global Robotics & Automation ETF in the second quarter valued at $27,000. Allied Private Wealth LLC bought a new stake in ROBO Global Robotics & Automation ETF in the second quarter worth $81,000. Capital Square LLC purchased a new stake in ROBO Global Robotics & Automation ETF during the second quarter valued at $276,000. Burke & Herbert Bank & Trust Co. purchased a new stake in ROBO Global Robotics & Automation ETF during the third quarter valued at $305,000. Finally, North Star Investment Management Corp. purchased a new stake in ROBO Global Robotics & Automation ETF during the third quarter valued at $350,000.

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.