ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Sets New 12-Month High – What’s Next?

by · The Markets Daily

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ – Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $96.31 and last traded at $96.14, with a volume of 415 shares trading hands. The stock had previously closed at $95.93.

ROBO Global Artificial Intelligence ETF Stock Up 0.3%

The firm has a market capitalization of $519.43 million, a PE ratio of 39.78 and a beta of 1.49. The business’s fifty day moving average price is $88.66 and its 200 day moving average price is $80.11.

Institutional Trading of ROBO Global Artificial Intelligence ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its stake in shares of ROBO Global Artificial Intelligence ETF by 66.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,360 shares of the company’s stock valued at $434,000 after purchasing an additional 2,935 shares during the last quarter. Strategic Advocates LLC raised its stake in shares of ROBO Global Artificial Intelligence ETF by 4.2% during the fourth quarter. Strategic Advocates LLC now owns 31,314 shares of the company’s stock worth $2,001,000 after purchasing an additional 1,255 shares during the last quarter. Cary Street Partners Financial LLC raised its stake in shares of ROBO Global Artificial Intelligence ETF by 48.8% during the fourth quarter. Cary Street Partners Financial LLC now owns 11,137 shares of the company’s stock worth $707,000 after purchasing an additional 3,652 shares during the last quarter. Finally, Basepoint Wealth LLC acquired a new stake in shares of ROBO Global Artificial Intelligence ETF during the fourth quarter worth $38,000.

ROBO Global Artificial Intelligence ETF Company Profile

(Get Free Report)

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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