ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Sees Large Volume Increase – Still a Buy?

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) saw unusually-high trading volume on Monday. Approximately 158,611 shares changed hands during mid-day trading, an increase of 528% from the previous session’s volume of 25,252 shares. The stock last traded at $100.50 and had previously closed at $98.75.

ROBO Global Artificial Intelligence ETF Stock Up 2.0%

The stock has a 50-day moving average of $90.91 and a 200 day moving average of $82.41. The company has a market capitalization of $513.77 million, a PE ratio of 39.78 and a beta of 1.49.

Hedge Funds Weigh In On ROBO Global Artificial Intelligence ETF

A hedge fund recently raised its position in ROBO Global Artificial Intelligence ETF stock. Strategic Advocates LLC grew its position in shares of ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,314 shares of the company’s stock after purchasing an additional 1,255 shares during the period. Strategic Advocates LLC owned approximately 0.69% of ROBO Global Artificial Intelligence ETF worth $2,001,000 at the end of the most recent quarter.

ROBO Global Artificial Intelligence ETF Company Profile

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.