ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Sees Strong Trading Volume – Should You Buy?

Shares of ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) saw unusually-strong trading volume on Monday. Approximately 158,611 shares changed hands during mid-day trading, an increase of 528% from the previous session’s volume of 25,252 shares. The stock last traded at $100.50 and had previously closed at $98.75.

ROBO Global Artificial Intelligence ETF Stock Performance

The firm has a market cap of $513.77 million, a PE ratio of 39.78 and a beta of 1.49. The company’s 50-day simple moving average is $90.91 and its two-hundred day simple moving average is $82.41.

Institutional Investors Weigh In On ROBO Global Artificial Intelligence ETF

An institutional investor recently raised its position in ROBO Global Artificial Intelligence ETF stock. Janney Montgomery Scott LLC raised its position in shares of ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) by 66.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,360 shares of the company’s stock after buying an additional 2,935 shares during the quarter. Janney Montgomery Scott LLC owned about 0.16% of ROBO Global Artificial Intelligence ETF worth $434,000 at the end of the most recent quarter.

About ROBO Global Artificial Intelligence ETF

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.