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

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 10,500 shares, a decrease of 37.1% from the May 31st total of 16,700 shares. Based on an average daily trading volume, of 60,000 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. New England Capital Financial Advisors LLC boosted its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 90.0% in the fourth quarter. New England Capital Financial Advisors LLC now owns 741 shares of the company’s stock worth $34,000 after purchasing an additional 351 shares during the period. North Star Investment Management Corp. bought a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the first quarter valued at about $70,000. Sunbelt Securities Inc. purchased a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the third quarter valued at about $75,000. SRS Capital Advisors Inc. bought a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the third quarter worth about $87,000. Finally, CWM LLC grew its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 151.0% during the fourth quarter. CWM LLC now owns 3,097 shares of the company’s stock worth $141,000 after purchasing an additional 1,863 shares in the last quarter.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Price Performance

Shares of NASDAQ:ROBT traded up $0.08 during midday trading on Friday, hitting $42.34. The company had a trading volume of 45,212 shares, compared to its average volume of 74,123. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 12-month low of $36.38 and a 12-month high of $47.71. The company has a fifty day moving average of $42.70 and a two-hundred day moving average of $43.88. The company has a market cap of $529.25 million, a price-to-earnings ratio of 29.47 and a beta of 1.22.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 27th will be given a $0.0844 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, June 27th.

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.