ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Trading Down 0.2%

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ)’s stock price fell 0.2% during trading on Thursday . The stock traded as low as $42.38 and last traded at $42.72. 14,075 shares changed hands during trading, a decline of 51% from the average session volume of 28,927 shares. The stock had previously closed at $42.82.

ROBO Global Artificial Intelligence ETF Stock Performance

The firm’s 50-day simple moving average is $44.03 and its 200 day simple moving average is $43.60. The stock has a market capitalization of $177.27 million, a P/E ratio of 43.56 and a beta of 1.59.

Institutional Investors Weigh In On ROBO Global Artificial Intelligence ETF

A number of institutional investors and hedge funds have recently modified their holdings of THNQ. Lindbrook Capital LLC bought a new stake in shares of ROBO Global Artificial Intelligence ETF in the 1st quarter valued at about $86,000. Strategic Advocates LLC bought a new stake in shares of ROBO Global Artificial Intelligence ETF in the 2nd quarter valued at about $441,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of ROBO Global Artificial Intelligence ETF in the 2nd quarter valued at about $74,000.

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.