ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Shares Up 1.2% – Still a Buy?

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) shares shot up 1.2% on Tuesday . The stock traded as high as $47.37 and last traded at $47.35. 5,357 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 25,984 shares. The stock had previously closed at $46.79.

ROBO Global Artificial Intelligence ETF Price Performance

The firm has a market capitalization of $190.15 million, a P/E ratio of 43.56 and a beta of 1.59. The company’s 50-day simple moving average is $45.43 and its two-hundred day simple moving average is $44.17.

Institutional Trading of ROBO Global Artificial Intelligence ETF

A hedge fund recently bought a new stake in ROBO Global Artificial Intelligence ETF stock. Ashton Thomas Private Wealth LLC acquired a new position in ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,644 shares of the company’s stock, valued at approximately $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.