Short Interest in First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Increases By 550.9%

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 69,000 shares, a growth of 550.9% from the August 31st total of 10,600 shares. Based on an average trading volume of 74,800 shares, the short-interest ratio is currently 0.9 days.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Price Performance

Shares of ROBT stock traded down $0.18 during mid-day trading on Wednesday, hitting $42.81. The stock had a trading volume of 15,371 shares, compared to its average volume of 74,636. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a fifty-two week low of $36.38 and a fifty-two week high of $46.79. The firm has a market cap of $490.17 million, a PE ratio of 29.47 and a beta of 1.22. The company’s 50-day simple moving average is $41.78 and its 200-day simple moving average is $42.72.

Institutional Trading of First Trust Nasdaq Artificial Intelligence and Robotics ETF

Several hedge funds have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 3.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 103,753 shares of the company’s stock valued at $4,694,000 after purchasing an additional 3,454 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 1.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 22,697 shares of the company’s stock valued at $1,027,000 after purchasing an additional 304 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 6.5% in the 1st quarter. Osaic Holdings Inc. now owns 160,443 shares of the company’s stock valued at $7,259,000 after purchasing an additional 9,774 shares in the last quarter. CWM LLC increased its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 16.4% in the 2nd quarter. CWM LLC now owns 4,965 shares of the company’s stock valued at $210,000 after purchasing an additional 699 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 149.3% in the 4th quarter. Assetmark Inc. now owns 20,157 shares of the company’s stock valued at $918,000 after purchasing an additional 12,070 shares in the last quarter.

About First Trust Nasdaq Artificial Intelligence and Robotics ETF

The First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified equal-weighted index of all-cap, global companies involved in artificial intelligence or robotics. ROBT was launched on Feb 21, 2018 and is managed by First Trust.