Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Short Interest Up 191.5% in May

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 950,024 shares, an increase of 191.5% from the May 14th total of 325,880 shares. Based on an average trading volume of 2,234,783 shares, the short-interest ratio is currently 0.4 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gen Wealth Partners Inc grew its holdings in Global X Artificial Intelligence & Technology ETF by 86.1% during the 4th quarter. Gen Wealth Partners Inc now owns 521 shares of the technology ETF’s stock worth $26,000 after acquiring an additional 241 shares in the last quarter. WFA of San Diego LLC bought a new position in Global X Artificial Intelligence & Technology ETF during the 2nd quarter worth about $26,000. Nemes Rush Group LLC grew its holdings in Global X Artificial Intelligence & Technology ETF by 503.0% during the 3rd quarter. Nemes Rush Group LLC now owns 603 shares of the technology ETF’s stock worth $30,000 after acquiring an additional 503 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in Global X Artificial Intelligence & Technology ETF during the 4th quarter worth about $31,000. Finally, Rossby Financial LCC bought a new position in Global X Artificial Intelligence & Technology ETF during the 3rd quarter worth about $59,000. 27.02% of the stock is currently owned by institutional investors.

Global X Artificial Intelligence & Technology ETF Price Performance

Shares of Global X Artificial Intelligence & Technology ETF stock opened at $63.95 on Friday. Global X Artificial Intelligence & Technology ETF has a 1 year low of $41.17 and a 1 year high of $70.26. The firm’s 50-day moving average is $58.35 and its two-hundred day moving average is $53.18. The stock has a market cap of $9.91 billion, a price-to-earnings ratio of -376.18 and a beta of 1.33.

Global X Artificial Intelligence & Technology ETF Company Profile

Global X Artificial Intelligence & Technology ETF