First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Short Interest Down 37.1% in June

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 volume of 60,000 shares, the short-interest ratio is currently 0.2 days.

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

Several institutional investors have recently added to or reduced their stakes in ROBT. International Assets Investment Management LLC purchased a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the fourth quarter valued at $27,607,000. Raymond James & Associates grew its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 23.9% during the 1st quarter. Raymond James & Associates now owns 342,966 shares of the company’s stock valued at $15,516,000 after buying an additional 66,253 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 6.5% during the first quarter. Osaic Holdings Inc. now owns 160,443 shares of the company’s stock valued at $7,259,000 after buying an additional 9,774 shares during the period. Truist Financial Corp lifted its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 18.0% in the fourth quarter. Truist Financial Corp now owns 143,152 shares of the company’s stock worth $6,518,000 after buying an additional 21,880 shares in the last quarter. Finally, Biltmore Family Office LLC boosted its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 33.7% in the first quarter. Biltmore Family Office LLC now owns 108,327 shares of the company’s stock valued at $4,901,000 after acquiring an additional 27,297 shares during the period.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Performance

NASDAQ:ROBT traded up $0.08 during trading hours on Friday, reaching $42.34. The stock had a trading volume of 45,212 shares, compared to its average volume of 74,123. The stock has a market cap of $529.25 million, a P/E ratio of 29.47 and a beta of 1.22. The stock has a 50 day simple moving average of $42.70 and a 200 day simple moving average of $43.88. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 12-month low of $36.38 and a 12-month high of $47.71.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 27th will be issued a $0.0844 dividend. This represents a $0.34 annualized dividend and a yield of 0.80%. The ex-dividend date is Thursday, June 27th.

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.