ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Stock Price Up 0.9% – Here’s Why

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) rose 0.9% on Monday . The stock traded as high as $50.97 and last traded at $50.93. Approximately 6,340 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 24,748 shares. The stock had previously closed at $50.47.

ROBO Global Artificial Intelligence ETF Stock Performance

The company has a market capitalization of $211.36 million, a price-to-earnings ratio of 43.56 and a beta of 1.59. The firm has a 50-day simple moving average of $47.50 and a two-hundred day simple moving average of $45.17.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Strategic Advocates LLC acquired a new stake in ROBO Global Artificial Intelligence ETF during the 2nd quarter worth approximately $441,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of ROBO Global Artificial Intelligence ETF during the second quarter worth $74,000. Lindbrook Capital LLC raised its stake in shares of ROBO Global Artificial Intelligence ETF by 91.8% in the third quarter. Lindbrook Capital LLC now owns 3,720 shares of the company’s stock valued at $172,000 after acquiring an additional 1,780 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in ROBO Global Artificial Intelligence ETF in the third quarter valued at $181,000.

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.