Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Short Interest Update

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 466,655 shares, an increase of 17.2% from the February 12th total of 398,322 shares. Based on an average daily volume of 279,195 shares, the short-interest ratio is presently 1.7 days. Currently, 2.8% of the shares of the stock are sold short. Currently, 2.8% of the shares of the stock are sold short. Based on an average daily volume of 279,195 shares, the short-interest ratio is presently 1.7 days.

Roundhill Generative AI & Technology ETF Price Performance

Roundhill Generative AI & Technology ETF stock opened at $66.00 on Thursday. The stock has a market capitalization of $1.10 billion, a PE ratio of 21.50 and a beta of 1.63. The business has a 50 day simple moving average of $62.78 and a 200-day simple moving average of $61.65. Roundhill Generative AI & Technology ETF has a 12 month low of $28.96 and a 12 month high of $68.12.

Institutional Investors Weigh In On Roundhill Generative AI & Technology ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHAT. NewEdge Advisors LLC raised its position in Roundhill Generative AI & Technology ETF by 2,875.6% during the first quarter. NewEdge Advisors LLC now owns 6,338 shares of the company’s stock worth $221,000 after acquiring an additional 6,125 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Roundhill Generative AI & Technology ETF in the second quarter valued at about $63,000. Marshall Wace LLP purchased a new stake in shares of Roundhill Generative AI & Technology ETF during the second quarter worth about $312,000. Jackson Wealth Management LLC purchased a new stake in shares of Roundhill Generative AI & Technology ETF during the third quarter worth about $214,000. Finally, Valeo Financial Advisors LLC acquired a new position in shares of Roundhill Generative AI & Technology ETF during the 3rd quarter worth about $537,000.

Roundhill Generative AI & Technology ETF Company Profile

The Roundhill Generative AI & Technology ETF (CHAT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in 25 to 50 companies around the world that are involved in generative artificial intelligence and other related technologies. CHAT was launched on May 18, 2023 and is managed by Roundhill.