ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ – Get Free Report) dropped 2.7% on Friday . The stock traded as low as $52.95 and last traded at $52.95. Approximately 23,447 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 32,731 shares. The stock had previously closed at $54.43.
ROBO Global Artificial Intelligence ETF Price Performance
The company has a market cap of $219.74 million, a price-to-earnings ratio of 43.56 and a beta of 1.59. The company’s 50-day simple moving average is $51.68 and its 200-day simple moving average is $48.33.
Hedge Funds Weigh In On ROBO Global Artificial Intelligence ETF
Institutional investors have recently made changes to their positions in the business. LRI Investments LLC bought a new position in shares of ROBO Global Artificial Intelligence ETF during the third quarter worth about $181,000. Lindbrook Capital LLC grew its position in shares of ROBO Global Artificial Intelligence ETF by 91.8% in the 3rd quarter. Lindbrook Capital LLC now owns 3,720 shares of the company’s stock worth $172,000 after acquiring an additional 1,780 shares in the last quarter. Strategic Advocates LLC grew its position in shares of ROBO Global Artificial Intelligence ETF by 28.6% in the 4th quarter. Strategic Advocates LLC now owns 22,921 shares of the company’s stock worth $1,123,000 after acquiring an additional 5,092 shares in the last quarter. Finally, Hirtle Callaghan & Co LLC bought a new stake in shares of ROBO Global Artificial Intelligence ETF in the 4th quarter valued at approximately $389,000.
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.
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