Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Sees Significant Decrease in Short Interest

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 987,076 shares, a decline of 72.1% from the July 30th total of 3,542,390 shares. Based on an average trading volume of 1,092,457 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the company’s stock are sold short.

Global X Artificial Intelligence & Technology ETF Price Performance

AIQ traded up $1.47 on Thursday, reaching $64.54. The company’s stock had a trading volume of 1,239,719 shares, compared to its average volume of 2,132,599. Global X Artificial Intelligence & Technology ETF has a 1 year low of $44.01 and a 1 year high of $70.26. The business’s 50 day moving average is $62.25 and its 200 day moving average is $57.41. The stock has a market cap of $11.22 billion, a price-to-earnings ratio of -379.65 and a beta of 1.35.

Global X Artificial Intelligence & Technology ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were paid a dividend of $0.0005 per share. The ex-dividend date was Monday, June 29th. Global X Artificial Intelligence & Technology ETF’s dividend payout ratio is -23.53%.

Institutional Trading of Global X Artificial Intelligence & Technology ETF

Hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Global X Artificial Intelligence & Technology ETF by 16.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 75,652 shares of the technology ETF’s stock valued at $2,752,000 after acquiring an additional 10,407 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Global X Artificial Intelligence & Technology ETF by 34.0% during the 2nd quarter. Baird Financial Group Inc. now owns 30,520 shares of the technology ETF’s stock worth $1,333,000 after acquiring an additional 7,738 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Global X Artificial Intelligence & Technology ETF in the 2nd quarter worth about $932,000. BNP Paribas Financial Markets raised its stake in shares of Global X Artificial Intelligence & Technology ETF by 15,471.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,163 shares of the technology ETF’s stock valued at $313,000 after purchasing an additional 7,117 shares in the last quarter. Finally, WFA of San Diego LLC acquired a new stake in shares of Global X Artificial Intelligence & Technology ETF in the 2nd quarter valued at about $26,000. Institutional investors and hedge funds own 27.02% of the company’s stock.

Global X Artificial Intelligence & Technology ETF Company Profile

Global X Artificial Intelligence & Technology ETF