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

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) saw unusually-strong trading volume on Tuesday . Approximately 380,947 shares changed hands during trading, a decline of 27% from the previous session’s volume of 518,637 shares.The stock last traded at $76.47 and had previously closed at $82.15.

Roundhill Generative AI & Technology ETF Price Performance

The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 21.50 and a beta of 1.84. The business’s 50-day moving average price is $92.01 and its two-hundred day moving average price is $76.45.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC boosted its holdings in shares of Roundhill Generative AI & Technology ETF by 15.1% during the first quarter. Janney Montgomery Scott LLC now owns 72,650 shares of the company’s stock worth $4,493,000 after purchasing an additional 9,552 shares during the last quarter. Providence First Trust Co purchased a new position in Roundhill Generative AI & Technology ETF during the fourth quarter worth about $1,202,000. Valeo Financial Advisors LLC lifted its position in Roundhill Generative AI & Technology ETF by 37.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 11,973 shares of the company’s stock worth $706,000 after buying an additional 3,237 shares during the period. Berbice Capital Management LLC boosted its stake in Roundhill Generative AI & Technology ETF by 89.1% in the 4th quarter. Berbice Capital Management LLC now owns 10,806 shares of the company’s stock worth $637,000 after buying an additional 5,091 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Roundhill Generative AI & Technology ETF in the 2nd quarter worth about $312,000.

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.