ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Shares Up 1.8% – Should You Buy?

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) shares traded up 1.8% on Monday . The company traded as high as $47.82 and last traded at $47.61. 22,298 shares changed hands during mid-day trading, an increase of 0% from the average session volume of 22,279 shares. The stock had previously closed at $46.76.

ROBO Global Artificial Intelligence ETF Price Performance

The firm has a market capitalization of $169.02 million, a P/E ratio of 33.66 and a beta of 1.27. The stock’s 50-day simple moving average is $51.19 and its two-hundred day simple moving average is $48.93.

Institutional Investors Weigh In On ROBO Global Artificial Intelligence ETF

Hedge funds have recently bought and sold shares of the business. LRI Investments LLC purchased a new stake in shares of ROBO Global Artificial Intelligence ETF in the third quarter valued at $181,000. Strategic Advocates LLC increased its stake in ROBO Global Artificial Intelligence ETF by 28.6% in the 4th quarter. Strategic Advocates LLC now owns 22,921 shares of the company’s stock worth $1,123,000 after buying an additional 5,092 shares during the period. Finally, Hirtle Callaghan & Co LLC purchased a new position in ROBO Global Artificial Intelligence ETF in the 4th quarter worth about $389,000.

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.