Short Interest in Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Drops By 37.6%

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) was the target of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 398,322 shares, a decrease of 37.6% from the January 29th total of 638,093 shares. Approximately 2.4% of the company’s shares are short sold. Based on an average trading volume of 296,013 shares, the short-interest ratio is currently 1.3 days. Based on an average trading volume of 296,013 shares, the short-interest ratio is currently 1.3 days. Approximately 2.4% of the company’s shares are short sold.

Roundhill Generative AI & Technology ETF Stock Performance

Roundhill Generative AI & Technology ETF stock traded down $0.15 during trading on Monday, reaching $63.74. The company had a trading volume of 263,889 shares, compared to its average volume of 334,110. Roundhill Generative AI & Technology ETF has a 12-month low of $28.96 and a 12-month high of $68.12. The stock’s 50 day moving average price is $61.93 and its two-hundred day moving average price is $60.78. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 21.50 and a beta of 1.63.

Institutional Investors Weigh In On Roundhill Generative AI & Technology ETF

A number of large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its position in Roundhill Generative AI & Technology ETF by 2,875.6% in the 1st quarter. NewEdge Advisors LLC now owns 6,338 shares of the company’s stock valued at $221,000 after buying an additional 6,125 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Roundhill Generative AI & Technology ETF in the second quarter worth about $63,000. Marshall Wace LLP acquired a new position in shares of Roundhill Generative AI & Technology ETF in the second quarter worth about $312,000. Jackson Wealth Management LLC purchased a new position in Roundhill Generative AI & Technology ETF in the third quarter valued at about $214,000. Finally, Valeo Financial Advisors LLC acquired a new stake in Roundhill Generative AI & Technology ETF during the 3rd quarter valued at approximately $537,000.

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.