Xtrackers Artificial Intelligence and Big Data ETF (NASDAQ:XAIX) Stock Price Up 2.3% – Should You Buy?

Xtrackers Artificial Intelligence and Big Data ETF (NASDAQ:XAIX) shares rose 2.3% on Friday . The company traded as high as $46.99 and last traded at $46.94. Approximately 11,892 shares were traded during trading, a decline of 36% from the average daily volume of 18,478 shares. The stock had previously closed at $45.90.

Xtrackers Artificial Intelligence and Big Data ETF Stock Up 2.3%

The company has a market cap of $122.51 million, a price-to-earnings ratio of 24.06 and a beta of 1.39. The stock has a fifty day moving average price of $42.39 and a two-hundred day moving average price of $42.66.

Institutional Investors Weigh In On Xtrackers Artificial Intelligence and Big Data ETF

A hedge fund recently bought a new stake in Xtrackers Artificial Intelligence and Big Data ETF stock. Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of Xtrackers Artificial Intelligence and Big Data ETF (NASDAQ:XAIX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 20,625 shares of the company’s stock, valued at approximately $856,000. Pinnacle Wealth Management Advisory Group LLC owned approximately 1.01% of Xtrackers Artificial Intelligence and Big Data ETF as of its most recent filing with the Securities & Exchange Commission.

About Xtrackers Artificial Intelligence and Big Data ETF

The Xtrackers Artificial Intelligence and Big Data ETF (XAIX) is an exchange-traded fund that is based on the Nasdaq Global AI and Big Data index. The fund tracks a market cap-weighted index of companies with exposure to the broad theme of artificial intelligence and big data. The funds selection process considers its tie to specific sub-themes and various factors. XAIX was launched on Aug 2, 2024 and is issued by Xtrackers.