ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Shares Up 1.5% – Should You Buy?

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ)’s stock price shot up 1.5% during mid-day trading on Monday . The stock traded as high as $63.19 and last traded at $63.04. 23,693 shares were traded during trading, a decline of 9% from the average session volume of 26,059 shares. The stock had previously closed at $62.08.

ROBO Global Artificial Intelligence ETF Trading Up 1.5%

The firm’s fifty day moving average price is $57.17 and its 200-day moving average price is $51.25. The company has a market cap of $241.44 million, a P/E ratio of 39.78 and a beta of 1.21.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in THNQ. Creative Financial Designs Inc. ADV increased its holdings in shares of ROBO Global Artificial Intelligence ETF by 29.4% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,100 shares of the company’s stock worth $49,000 after purchasing an additional 250 shares during the period. Arkadios Wealth Advisors acquired a new stake in shares of ROBO Global Artificial Intelligence ETF during the 2nd quarter valued at about $213,000. Strategic Advocates LLC boosted its position in shares of ROBO Global Artificial Intelligence ETF by 18.9% during the 1st quarter. Strategic Advocates LLC now owns 27,254 shares of the company’s stock valued at $1,206,000 after acquiring an additional 4,333 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of ROBO Global Artificial Intelligence ETF during the 1st quarter valued at about $1,219,000.

ROBO Global Artificial Intelligence ETF Company Profile

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.