ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Short Interest Up 83.3% in June

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 30,077 shares, a growth of 83.3% from the June 15th total of 16,409 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 28,900 shares, the days-to-cover ratio is currently 1.0 days.

ROBO Global Artificial Intelligence ETF Price Performance

NYSEARCA:THNQ opened at $84.62 on Friday. The firm has a 50-day moving average of $86.13 and a 200-day moving average of $71.98. The company has a market cap of $423.10 million, a PE ratio of 39.78 and a beta of 1.47. ROBO Global Artificial Intelligence ETF has a one year low of $53.86 and a one year high of $93.59.

Hedge Funds Weigh In On ROBO Global Artificial Intelligence ETF

Hedge funds have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC acquired a new position in ROBO Global Artificial Intelligence ETF during the 3rd quarter valued at about $1,333,000. NewEdge Advisors LLC purchased a new stake in shares of ROBO Global Artificial Intelligence ETF in the third quarter worth approximately $159,000. Cary Street Partners Financial LLC raised its stake in shares of ROBO Global Artificial Intelligence ETF by 48.8% in the fourth quarter. Cary Street Partners Financial LLC now owns 11,137 shares of the company’s stock worth $707,000 after purchasing an additional 3,652 shares during the last quarter. Basepoint Wealth LLC bought a new position in shares of ROBO Global Artificial Intelligence ETF in the fourth quarter valued at approximately $38,000. Finally, Strategic Advocates LLC lifted its holdings in shares of ROBO Global Artificial Intelligence ETF by 4.2% in the fourth quarter. Strategic Advocates LLC now owns 31,314 shares of the company’s stock valued at $2,001,000 after purchasing an additional 1,255 shares in the last quarter.

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.