ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Trading 0.9% Higher – Here’s Why

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ)’s stock price shot up 0.9% during trading on Monday . The company traded as high as $50.97 and last traded at $50.93. 6,340 shares were traded during mid-day trading, a decline of 74% from the average session volume of 24,748 shares. The stock had previously closed at $50.47.

ROBO Global Artificial Intelligence ETF Stock Performance

The firm has a market cap of $211.36 million, a price-to-earnings ratio of 43.56 and a beta of 1.59. The company has a 50 day moving average price of $47.50 and a 200 day moving average price of $45.17.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of THNQ. Strategic Advocates LLC purchased a new stake in shares of ROBO Global Artificial Intelligence ETF in the 2nd quarter valued at approximately $441,000. LRI Investments LLC acquired a new stake in ROBO Global Artificial Intelligence ETF in the 3rd quarter valued at approximately $181,000. Lindbrook Capital LLC raised its position in ROBO Global Artificial Intelligence ETF by 91.8% in the third 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 during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new position in ROBO Global Artificial Intelligence ETF during the second quarter worth $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.