Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Short Interest Update

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 364,785 shares, a growth of 275.4% from the December 31st total of 97,176 shares. Based on an average daily trading volume, of 375,855 shares, the days-to-cover ratio is currently 1.0 days. Approximately 2.2% of the shares of the company are sold short. Approximately 2.2% of the shares of the company are sold short. Based on an average daily trading volume, of 375,855 shares, the days-to-cover ratio is currently 1.0 days.

Roundhill Generative AI & Technology ETF Stock Performance

NYSEARCA:CHAT traded down $1.60 during mid-day trading on Friday, reaching $61.79. 734,618 shares of the company’s stock were exchanged, compared to its average volume of 381,419. Roundhill Generative AI & Technology ETF has a one year low of $28.96 and a one year high of $68.12. The business’s fifty day simple moving average is $60.70 and its two-hundred day simple moving average is $58.94. The firm has a market capitalization of $1.03 billion, a PE ratio of 21.50 and a beta of 1.63.

Institutional Investors Weigh In On Roundhill Generative AI & Technology ETF

Institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its stake in Roundhill Generative AI & Technology ETF by 2,875.6% during the 1st quarter. NewEdge Advisors LLC now owns 6,338 shares of the company’s stock worth $221,000 after acquiring an additional 6,125 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Roundhill Generative AI & Technology ETF by 284.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 23,876 shares of the company’s stock worth $1,165,000 after purchasing an additional 17,659 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Roundhill Generative AI & Technology ETF in the second quarter worth $63,000. Marshall Wace LLP bought a new position in shares of Roundhill Generative AI & Technology ETF in the second quarter worth $312,000. Finally, Jackson Wealth Management LLC acquired a new position in Roundhill Generative AI & Technology ETF in the third quarter valued at about $214,000.

About Roundhill Generative AI & Technology ETF

The Roundhill Generative AI & Technology ETF (CHAT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in 25 to 50 companies around the world that are involved in generative artificial intelligence and other related technologies. CHAT was launched on May 18, 2023 and is managed by Roundhill.