Short Interest in Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Decreases By 72.7%

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 182,726 shares, a decrease of 72.7% from the July 15th total of 669,012 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 766,463 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Roundhill Generative AI & Technology ETF

A number of institutional investors have recently added to or reduced their stakes in CHAT. Providence First Trust Co acquired a new position in shares of Roundhill Generative AI & Technology ETF during the fourth quarter worth about $1,202,000. Janney Montgomery Scott LLC grew its stake in shares of Roundhill Generative AI & Technology ETF by 15.1% in the first quarter. Janney Montgomery Scott LLC now owns 72,650 shares of the company’s stock valued at $4,493,000 after buying an additional 9,552 shares in the last quarter. Berbice Capital Management LLC raised its holdings in shares of Roundhill Generative AI & Technology ETF by 89.1% during the 4th quarter. Berbice Capital Management LLC now owns 10,806 shares of the company’s stock valued at $637,000 after buying an additional 5,091 shares during the period. Valeo Financial Advisors LLC lifted its position in Roundhill Generative AI & Technology ETF by 37.1% during the 4th quarter. Valeo Financial Advisors LLC now owns 11,973 shares of the company’s stock worth $706,000 after acquiring an additional 3,237 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new position in Roundhill Generative AI & Technology ETF in the 4th quarter worth approximately $321,000.

Roundhill Generative AI & Technology ETF Price Performance

CHAT stock traded down $0.09 during midday trading on Friday, reaching $93.52. 226,185 shares of the company’s stock traded hands, compared to its average volume of 530,292. Roundhill Generative AI & Technology ETF has a fifty-two week low of $50.73 and a fifty-two week high of $105.20. The business has a 50-day moving average price of $90.20 and a two-hundred day moving average price of $78.61. The company has a market capitalization of $2.01 billion, a P/E ratio of 21.50 and a beta of 1.90.

Roundhill Generative AI & Technology ETF Company Profile

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.