ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Stock Price Down 2.1% – Here’s Why

Shares of ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQGet Free Report) were down 2.1% on Tuesday . The stock traded as low as $65.80 and last traded at $66.13. Approximately 35,600 shares changed hands during trading, an increase of 34% from the average daily volume of 26,488 shares. The stock had previously closed at $67.57.

ROBO Global Artificial Intelligence ETF Trading Down 2.1%

The stock has a market cap of $294.28 million, a P/E ratio of 39.78 and a beta of 1.21. The firm has a 50-day simple moving average of $60.28 and a two-hundred day simple moving average of $53.19.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of THNQ. Creative Financial Designs Inc. ADV boosted its stake in shares of ROBO Global Artificial Intelligence ETF by 29.4% during the first quarter. Creative Financial Designs Inc. ADV now owns 1,100 shares of the company’s stock valued at $49,000 after purchasing an additional 250 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in shares of ROBO Global Artificial Intelligence ETF during the second quarter valued at approximately $213,000. Strategic Advocates LLC increased its holdings in shares of ROBO Global Artificial Intelligence ETF by 18.9% during the first 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 bought a new stake in ROBO Global Artificial Intelligence ETF during the first quarter worth $1,219,000.

About ROBO Global Artificial Intelligence ETF

(Get Free Report)

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.

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