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

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ)’s stock price shot up 1.8% during trading on Monday . The stock traded as high as $47.82 and last traded at $47.61. 22,298 shares changed hands during 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 Stock Up 1.8 %

The firm’s 50-day moving average price is $51.19 and its 200 day moving average price is $48.93. The company has a market capitalization of $169.02 million, a P/E ratio of 33.66 and a beta of 1.27.

Institutional Investors Weigh In On ROBO Global Artificial Intelligence ETF

Institutional investors have recently added to or reduced their stakes in the company. LRI Investments LLC bought a new stake in ROBO Global Artificial Intelligence ETF in the 3rd quarter worth about $181,000. Hirtle Callaghan & Co LLC bought a new stake in ROBO Global Artificial Intelligence ETF in the 4th quarter worth about $389,000. Finally, Strategic Advocates LLC grew its position 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 purchasing an additional 5,092 shares in the last quarter.

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.