First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Sees Significant Drop in Short Interest

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 52,800 shares, a drop of 32.7% from the February 28th total of 78,500 shares. Based on an average daily volume of 68,900 shares, the short-interest ratio is currently 0.8 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Trading of First Trust Nasdaq Artificial Intelligence and Robotics ETF

A number of hedge funds have recently bought and sold shares of the stock. Mattson Financial Services LLC raised its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 47.4% in the 4th quarter. Mattson Financial Services LLC now owns 16,770 shares of the company’s stock worth $734,000 after acquiring an additional 5,392 shares in the last quarter. Ameriflex Group Inc. purchased a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the fourth quarter valued at about $27,000. Vivaldi Capital Management LP raised its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 24.7% in the fourth quarter. Vivaldi Capital Management LP now owns 6,343 shares of the company’s stock worth $297,000 after purchasing an additional 1,255 shares in the last quarter. Baird Financial Group Inc. raised its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 7.2% in the fourth quarter. Baird Financial Group Inc. now owns 274,762 shares of the company’s stock worth $12,375,000 after purchasing an additional 18,480 shares in the last quarter. Finally, Accredited Wealth Management LLC purchased a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the fourth quarter valued at about $151,000.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Price Performance

Shares of NASDAQ:ROBT traded down $1.18 during trading hours on Friday, hitting $41.23. The company’s stock had a trading volume of 47,697 shares, compared to its average volume of 63,652. The firm’s fifty day moving average price is $45.44 and its 200 day moving average price is $45.11. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 52 week low of $36.91 and a 52 week high of $49.00. The company has a market capitalization of $420.55 million, a price-to-earnings ratio of 24.89 and a beta of 1.22.

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.