Global X Future Analytics Tech ETF (NASDAQ:AIQ) Sees Large Growth in Short Interest

Posted by Amy Steele on Dec 13th, 2024

Global X Future Analytics Tech ETF (NASDAQ:AIQ – Get Free Report) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 719,700 shares, an increase of 177.7% from the November 15th total of 259,200 shares. Based on an average daily volume of 325,200 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Investors Weigh In On Global X Future Analytics Tech ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC boosted its holdings in Global X Future Analytics Tech ETF by 49.9% in the third quarter. Sanctuary Advisors LLC now owns 18,322 shares of the technology ETF’s stock valued at $709,000 after purchasing an additional 6,102 shares in the last quarter. Executive Wealth Management LLC lifted its position in Global X Future Analytics Tech ETF by 32.0% in the third quarter. Executive Wealth Management LLC now owns 16,150 shares of the technology ETF’s stock valued at $600,000 after acquiring an additional 3,919 shares during the last quarter. LRI Investments LLC acquired a new position in Global X Future Analytics Tech ETF in the third quarter valued at $188,000. Stifel Financial Corp grew its holdings in shares of Global X Future Analytics Tech ETF by 18.1% during the third quarter. Stifel Financial Corp now owns 147,279 shares of the technology ETF’s stock worth $5,475,000 after purchasing an additional 22,619 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of Global X Future Analytics Tech ETF by 1.1% in the 3rd quarter. HighTower Advisors LLC now owns 99,577 shares of the technology ETF’s stock valued at $3,706,000 after purchasing an additional 1,090 shares during the last quarter. 27.02% of the stock is currently owned by institutional investors and hedge funds.

Global X Future Analytics Tech ETF Stock Performance

Shares of Global X Future Analytics Tech ETF stock traded down $0.05 during trading hours on Friday, reaching $40.01. 283,218 shares of the company were exchanged, compared to its average volume of 517,432. Global X Future Analytics Tech ETF has a 1 year low of $29.80 and a 1 year high of $40.65. The firm has a market cap of $2.43 billion, a PE ratio of -235.65 and a beta of 1.13. The stock’s fifty day moving average is $38.28 and its 200 day moving average is $36.22.