Short Interest in First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Drops By 66.4%

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 20,744 shares, a drop of 66.4% from the June 30th total of 61,662 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 36,506 shares, the short-interest ratio is currently 0.6 days.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Price Performance

Shares of ROBT opened at $52.85 on Friday. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a one year low of $44.01 and a one year high of $60.44. The firm has a market capitalization of $692.34 million, a P/E ratio of 27.26 and a beta of 1.27. The business has a fifty day moving average of $55.59 and a 200 day moving average of $52.54.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.0094 dividend. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, June 25th.

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

A number of large investors have recently made changes to their positions in ROBT. Allied Private Wealth LLC purchased a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 2nd quarter valued at about $29,000. Farther Finance Advisors LLC bought a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 4th quarter worth approximately $47,000. Bank of Montreal Can boosted its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 390.0% in the fourth quarter. Bank of Montreal Can now owns 980 shares of the company’s stock worth $51,000 after buying an additional 780 shares during the last quarter. Intesa Sanpaolo Wealth Management purchased a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the fourth quarter worth approximately $60,000. Finally, Advisory Services Network LLC purchased a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the third quarter worth approximately $62,000.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Company Profile

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.