ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Trading 3.1% Higher – Here’s What Happened

Shares of ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) were up 3.1% during mid-day trading on Friday . The company traded as high as $57.87 and last traded at $57.69. Approximately 48,534 shares changed hands during trading, an increase of 90% from the average daily volume of 25,574 shares. The stock had previously closed at $55.98.

ROBO Global Artificial Intelligence ETF Stock Performance

The business’s 50-day moving average price is $55.15 and its 200-day moving average price is $50.56. The stock has a market cap of $220.95 million, a P/E ratio of 39.78 and a beta of 1.21.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Arkadios Wealth Advisors bought a new position in ROBO Global Artificial Intelligence ETF in the 2nd quarter worth $213,000. Strategic Advocates LLC boosted its holdings in ROBO Global Artificial Intelligence ETF by 5.8% in the 2nd quarter. Strategic Advocates LLC now owns 28,834 shares of the company’s stock worth $1,586,000 after buying an additional 1,580 shares during the period. Flow Traders U.S. LLC bought a new position in ROBO Global Artificial Intelligence ETF in the 1st quarter worth $1,219,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in ROBO Global Artificial Intelligence ETF by 29.4% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,100 shares of the company’s stock worth $49,000 after buying an additional 250 shares during the period.

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.