Xtrackers Artificial Intelligence and Big Data ETF (NASDAQ:XAIX) Trading Up 0.5% – Here’s Why

Xtrackers Artificial Intelligence and Big Data ETF (NASDAQ:XAIX)’s share price shot up 0.5% on Friday . The stock traded as high as $42.50 and last traded at $42.13. 307,399 shares were traded during mid-day trading, an increase of 1,201% from the average session volume of 23,633 shares. The stock had previously closed at $41.94.

Xtrackers Artificial Intelligence and Big Data ETF Trading Up 0.5%

The stock’s 50-day simple moving average is $43.11 and its 200-day simple moving average is $41.74. The stock has a market cap of $98.16 million, a price-to-earnings ratio of 24.06 and a beta of 1.34.

Xtrackers Artificial Intelligence and Big Data ETF Announces Dividend

The business also recently declared a dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 19th were given a dividend of $0.1225 per share. The ex-dividend date of this dividend was Friday, December 19th.

Hedge Funds 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 stake in shares of Xtrackers Artificial Intelligence and Big Data ETF (NASDAQ:XAIX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 20,625 shares of the company’s stock, valued at approximately $856,000. Pinnacle Wealth Management Advisory Group LLC owned 1.01% of Xtrackers Artificial Intelligence and Big Data ETF as of its most recent filing with the Securities and Exchange Commission.

Xtrackers Artificial Intelligence and Big Data ETF Company Profile

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.