First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Short Interest Down 85.4% in March

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 14,300 shares, a decrease of 85.4% from the February 29th total of 98,000 shares. Based on an average daily trading volume, of 88,200 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On First Trust Nasdaq Artificial Intelligence and Robotics ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ROBT. International Assets Investment Management LLC purchased a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the fourth quarter worth $27,607,000. Wells Fargo & Company MN boosted its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 351.4% in the 2nd quarter. Wells Fargo & Company MN now owns 359,080 shares of the company’s stock worth $16,399,000 after buying an additional 279,524 shares during the period. Baird Financial Group Inc. increased its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 4,620.0% in the 4th quarter. Baird Financial Group Inc. now owns 242,137 shares of the company’s stock worth $11,024,000 after buying an additional 237,007 shares in the last quarter. Raymond James & Associates raised its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 116.5% during the fourth quarter. Raymond James & Associates now owns 276,713 shares of the company’s stock valued at $12,599,000 after acquiring an additional 148,893 shares during the period. Finally, LPL Financial LLC lifted its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 22.7% in the third quarter. LPL Financial LLC now owns 769,133 shares of the company’s stock valued at $31,158,000 after acquiring an additional 142,131 shares in the last quarter.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Up 0.7 %

ROBT stock traded up $0.32 during midday trading on Wednesday, reaching $45.21. 99,791 shares of the company’s stock traded hands, compared to its average volume of 89,627. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 52-week low of $36.38 and a 52-week high of $47.71. The stock has a market cap of $501.83 million, a P/E ratio of 26.15 and a beta of 1.22. The stock’s 50-day moving average is $44.86 and its 200 day moving average is $42.64.

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.