Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Stock Short Interest Climbs 133.2%

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 483,681 shares, an increase of 133.2% from the August 31st total of 207,445 shares. Based on an average daily trading volume, of 265,095 shares, the short-interest ratio is currently 1.8 days. Currently, 2.4% of the shares of the company are short sold.

Roundhill Generative AI & Technology ETF Price Performance

Roundhill Generative AI & Technology ETF stock traded down $1.86 during mid-day trading on Monday, hitting $91.12. 128,853 shares of the company’s stock traded hands, compared to its average volume of 487,871. The firm has a 50 day simple moving average of $87.74 and a two-hundred day simple moving average of $84.20. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 21.50 and a beta of 1.91. Roundhill Generative AI & Technology ETF has a fifty-two week low of $55.52 and a fifty-two week high of $105.20.

Institutional Investors Weigh In On Roundhill Generative AI & Technology ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC raised its position in shares of Roundhill Generative AI & Technology ETF by 15.1% in the first quarter. Janney Montgomery Scott LLC now owns 72,650 shares of the company’s stock valued at $4,493,000 after buying an additional 9,552 shares in the last quarter. Noble Wealth Management PBC lifted its position in shares of Roundhill Generative AI & Technology ETF by 69.2% during the 2nd quarter. Noble Wealth Management PBC now owns 4,780 shares of the company’s stock valued at $472,000 after acquiring an additional 1,955 shares during the period. Allen Mooney & Barnes Investment Advisors LLC lifted its position in shares of Roundhill Generative AI & Technology ETF by 27.0% during the 2nd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 4,700 shares of the company’s stock valued at $464,000 after acquiring an additional 1,000 shares during the period. Gill Capital Partners LLC lifted its position in shares of Roundhill Generative AI & Technology ETF by 47.9% during the 2nd quarter. Gill Capital Partners LLC now owns 4,232 shares of the company’s stock valued at $418,000 after acquiring an additional 1,371 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of Roundhill Generative AI & Technology ETF by 26.9% during the 2nd quarter. NewEdge Advisors LLC now owns 3,666 shares of the company’s stock worth $362,000 after purchasing an additional 777 shares in the last quarter.

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.