ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Trading 1.6% Higher – Still a Buy?

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQGet Free Report) was up 1.6% on Friday . The company traded as high as $64.75 and last traded at $64.66. Approximately 7,028 shares traded hands during trading, a decline of 74% from the average daily volume of 26,614 shares. The stock had previously closed at $63.65.

ROBO Global Artificial Intelligence ETF Stock Performance

The firm has a fifty day simple moving average of $65.35 and a 200-day simple moving average of $58.82. The company has a market capitalization of $290.97 million, a PE ratio of 39.78 and a beta of 1.33.

Institutional Trading of ROBO Global Artificial Intelligence ETF

Several institutional investors have recently added to or reduced their stakes in the stock. GPS Wealth Strategies Group LLC acquired a new position in ROBO Global Artificial Intelligence ETF during the 3rd quarter worth $92,000. NewEdge Advisors LLC bought a new position in shares of ROBO Global Artificial Intelligence ETF during the third quarter worth about $159,000. Arkadios Wealth Advisors acquired a new position in ROBO Global Artificial Intelligence ETF in the second quarter worth about $213,000. Cary Street Partners Financial LLC bought a new stake in ROBO Global Artificial Intelligence ETF in the third quarter valued at about $479,000. Finally, Strategic Advocates LLC increased its holdings in ROBO Global Artificial Intelligence ETF by 18.9% in the first quarter. Strategic Advocates LLC now owns 27,254 shares of the company’s stock valued at $1,206,000 after buying an additional 4,333 shares during the last quarter.

ROBO Global Artificial Intelligence ETF Company Profile

(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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