Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Sees Significant Growth in Short Interest

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) saw a significant growth in short interest in April. As of April 15th, there was short interest totaling 1,058,843 shares, a growth of 87.9% from the March 31st total of 563,464 shares. Currently, 6.0% of the shares of the company are short sold. Based on an average daily volume of 440,455 shares, the short-interest ratio is presently 2.4 days.

Hedge Funds Weigh In On Roundhill Generative AI & Technology ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its position in Roundhill Generative AI & Technology ETF by 15.1% during the first quarter. Janney Montgomery Scott LLC now owns 72,650 shares of the company’s stock valued at $4,493,000 after purchasing an additional 9,552 shares in the last quarter. NewEdge Advisors LLC lifted its position in Roundhill Generative AI & Technology ETF by 14.7% during the fourth quarter. NewEdge Advisors LLC now owns 3,897 shares of the company’s stock valued at $230,000 after purchasing an additional 500 shares in the last quarter. Berbice Capital Management LLC lifted its position in Roundhill Generative AI & Technology ETF by 89.1% during the fourth quarter. Berbice Capital Management LLC now owns 10,806 shares of the company’s stock valued at $637,000 after purchasing an additional 5,091 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in Roundhill Generative AI & Technology ETF by 37.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 11,973 shares of the company’s stock valued at $706,000 after purchasing an additional 3,237 shares in the last quarter. Finally, Providence First Trust Co purchased a new position in Roundhill Generative AI & Technology ETF during the fourth quarter valued at $1,202,000.

Roundhill Generative AI & Technology ETF Stock Performance

NYSEARCA CHAT opened at $79.19 on Monday. The company has a market capitalization of $1.39 billion, a PE ratio of 21.50 and a beta of 1.58. The business’s fifty day moving average is $66.29 and its 200 day moving average is $63.33. Roundhill Generative AI & Technology ETF has a fifty-two week low of $34.65 and a fifty-two week high of $79.41.

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.