Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Sees Large Volume Increase – What’s Next?

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) saw an uptick in trading volume on Thursday . Approximately 353,466 shares were traded during mid-day trading, a decline of 31% from the previous session’s volume of 515,556 shares.The stock last traded at $85.00 and had previously closed at $88.42.

Roundhill Generative AI & Technology ETF Price Performance

The company’s fifty day simple moving average is $92.56 and its 200 day simple moving average is $75.07. The firm has a market capitalization of $1.78 billion, a PE ratio of 21.50 and a beta of 1.84.

Institutional Trading of Roundhill Generative AI & Technology ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Providence First Trust Co purchased a new position in shares of Roundhill Generative AI & Technology ETF in the 4th quarter valued at approximately $1,202,000. Janney Montgomery Scott LLC boosted its holdings in shares of Roundhill Generative AI & Technology ETF by 41.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 63,098 shares of the company’s stock valued at $3,720,000 after acquiring an additional 18,467 shares during the last quarter. Marshall Wace LLP purchased a new stake in Roundhill Generative AI & Technology ETF in the second quarter worth approximately $312,000. NewEdge Advisors LLC boosted its stake in shares of Roundhill Generative AI & Technology ETF by 2,875.6% in the 1st quarter. NewEdge Advisors LLC now owns 6,338 shares of the company’s stock worth $221,000 after buying an additional 6,125 shares during the last quarter. Finally, Farther Finance Advisors LLC purchased a new position in Roundhill Generative AI & Technology ETF in the fourth quarter worth about $321,000.

About Roundhill Generative AI & Technology ETF

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.