ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Trading Up 0% – Here’s Why

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ)’s share price shot up 0% during trading on Thursday . The company traded as high as $52.65 and last traded at $52.65. 15,968 shares traded hands during trading, a decline of 36% from the average session volume of 24,876 shares. The stock had previously closed at $52.63.

ROBO Global Artificial Intelligence ETF Stock Performance

The business has a 50-day moving average of $50.25 and a 200 day moving average of $46.90. The stock has a market cap of $218.50 million, a PE ratio of 43.56 and a beta of 1.59.

Institutional Trading of ROBO Global Artificial Intelligence ETF

A number of hedge funds have recently added to or reduced their stakes in the business. LRI Investments LLC acquired a new position in shares of ROBO Global Artificial Intelligence ETF in the 3rd quarter valued at about $181,000. Lindbrook Capital LLC lifted its stake in shares of ROBO Global Artificial Intelligence ETF by 91.8% in the 3rd quarter. Lindbrook Capital LLC now owns 3,720 shares of the company’s stock valued at $172,000 after purchasing an additional 1,780 shares in the last quarter. Finally, Strategic Advocates LLC lifted its stake in shares of 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 valued at $1,123,000 after purchasing an additional 5,092 shares in the last quarter.

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.