ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Trading 1.3% Higher – Here’s What Happened

Shares of ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) rose 1.3% during trading on Monday . The stock traded as high as $65.22 and last traded at $65.22. Approximately 21,731 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 25,844 shares. The stock had previously closed at $64.38.

ROBO Global Artificial Intelligence ETF Trading Up 1.3%

The stock has a market cap of $293.49 million, a price-to-earnings ratio of 39.78 and a beta of 1.33. The stock’s 50 day moving average is $65.05 and its two-hundred day moving average is $60.49.

Hedge Funds Weigh In On ROBO Global Artificial Intelligence ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Flow Traders U.S. LLC acquired a new position in ROBO Global Artificial Intelligence ETF in the 3rd quarter valued at about $1,333,000. Cary Street Partners Financial LLC purchased a new position in shares of ROBO Global Artificial Intelligence ETF in the 3rd quarter valued at approximately $479,000. Arkadios Wealth Advisors purchased a new position in shares of ROBO Global Artificial Intelligence ETF in the 2nd quarter valued at approximately $213,000. NewEdge Advisors LLC acquired a new position in shares of ROBO Global Artificial Intelligence ETF in the third quarter valued at approximately $159,000. Finally, Strategic Advocates LLC raised its stake in shares of ROBO Global Artificial Intelligence ETF by 5.8% during the second quarter. Strategic Advocates LLC now owns 28,834 shares of the company’s stock worth $1,586,000 after purchasing an additional 1,580 shares during the last quarter.

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.