ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Hits New 12-Month High – Here’s What Happened

Shares of ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) reached a new 52-week high during trading on Friday. The company traded as high as $99.53 and last traded at $99.10, with a volume of 7201 shares trading hands. The stock had previously closed at $97.52.

ROBO Global Artificial Intelligence ETF Stock Performance

The stock has a market capitalization of $502.73 million, a P/E ratio of 39.78 and a beta of 1.49. The firm’s fifty day simple moving average is $90.57 and its 200 day simple moving average is $82.15.

Institutional Inflows and Outflows

A hedge fund recently raised its position in ROBO Global Artificial Intelligence ETF stock. Janney Montgomery Scott LLC lifted its holdings in shares of ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) by 66.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,360 shares of the company’s stock after buying an additional 2,935 shares during the period. Janney Montgomery Scott LLC owned about 0.16% of ROBO Global Artificial Intelligence ETF worth $434,000 as of its most recent filing with the SEC.

ROBO Global Artificial Intelligence ETF Company Profile

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.