ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Shares Up 2.7% – Here’s Why

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQGet Free Report)’s stock price traded up 2.7% during trading on Friday . The company traded as high as $90.59 and last traded at $90.54. Approximately 76,246 shares were traded during trading, an increase of 236% from the average session volume of 22,662 shares. The stock had previously closed at $88.18.

ROBO Global Artificial Intelligence ETF Price Performance

The company’s fifty day simple moving average is $87.02 and its 200-day simple moving average is $74.15. The firm has a market capitalization of $452.70 million, a PE ratio of 39.78 and a beta of 1.48.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Basepoint Wealth LLC acquired a new position in ROBO Global Artificial Intelligence ETF during the 4th quarter valued at about $38,000. Strategic Advocates LLC boosted its holdings in ROBO Global Artificial Intelligence ETF by 4.2% in the fourth quarter. Strategic Advocates LLC now owns 31,314 shares of the company’s stock worth $2,001,000 after acquiring an additional 1,255 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of ROBO Global Artificial Intelligence ETF during the fourth quarter worth about $281,000. Flow Traders U.S. LLC purchased a new stake in shares of ROBO Global Artificial Intelligence ETF during the third quarter worth about $1,333,000. Finally, NewEdge Advisors LLC acquired a new position in shares of ROBO Global Artificial Intelligence ETF during the third quarter valued at about $159,000.

ROBO Global Artificial Intelligence ETF Company Profile

(Get Free Report)

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.

Further Reading

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