Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Short Interest Up 275.4% in January

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 364,785 shares, a growth of 275.4% from the December 31st total of 97,176 shares. Based on an average daily trading volume, of 375,855 shares, the short-interest ratio is presently 1.0 days. Currently, 2.2% of the shares of the company are sold short. Currently, 2.2% of the shares of the company are sold short. Based on an average daily trading volume, of 375,855 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Roundhill Generative AI & Technology ETF

A number of institutional investors and hedge funds have recently modified their holdings of CHAT. Janney Montgomery Scott LLC raised its position in Roundhill Generative AI & Technology ETF by 284.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 23,876 shares of the company’s stock worth $1,165,000 after buying an additional 17,659 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in Roundhill Generative AI & Technology ETF during the fourth quarter valued at $77,000. Allen Mooney & Barnes Investment Advisors LLC acquired a new position in Roundhill Generative AI & Technology ETF during the fourth quarter valued at $218,000. Jackson Wealth Management LLC boosted its holdings in Roundhill Generative AI & Technology ETF by 29.4% in the fourth quarter. Jackson Wealth Management LLC now owns 4,506 shares of the company’s stock valued at $266,000 after purchasing an additional 1,024 shares during the last quarter. Finally, IFP Advisors Inc grew its position in Roundhill Generative AI & Technology ETF by 29.4% during the 3rd quarter. IFP Advisors Inc now owns 828 shares of the company’s stock worth $51,000 after purchasing an additional 188 shares during the period.

Roundhill Generative AI & Technology ETF Stock Performance

Shares of NYSEARCA CHAT traded up $0.31 during mid-day trading on Wednesday, hitting $63.94. The stock had a trading volume of 308,715 shares, compared to its average volume of 347,581. The firm has a market cap of $1.07 billion, a PE ratio of 21.50 and a beta of 1.63. The company has a 50 day moving average of $60.57 and a two-hundred day moving average of $58.91. Roundhill Generative AI & Technology ETF has a twelve month low of $28.96 and a twelve month high of $68.12.

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.