ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Shares Up 2.7% – Here’s What Happened

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) shares were up 2.7% on Friday . The stock traded as high as $90.59 and last traded at $90.54. 76,246 shares traded hands during trading, an increase of 236% from the average daily volume of 22,662 shares. The stock had previously closed at $88.18.

ROBO Global Artificial Intelligence ETF Stock Performance

The stock has a market cap of $452.70 million, a price-to-earnings ratio of 39.78 and a beta of 1.48. The company has a 50-day moving average of $87.02 and a 200-day moving average of $74.15.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Basepoint Wealth LLC purchased a new position in ROBO Global Artificial Intelligence ETF in the 4th quarter valued at $38,000. Strategic Advocates LLC raised its position in ROBO Global Artificial Intelligence ETF by 4.2% during the 4th quarter. Strategic Advocates LLC now owns 31,314 shares of the company’s stock worth $2,001,000 after buying an additional 1,255 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of ROBO Global Artificial Intelligence ETF in the 3rd quarter worth $159,000. Janney Montgomery Scott LLC lifted its stake in shares of ROBO Global Artificial Intelligence ETF by 66.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,360 shares of the company’s stock worth $434,000 after acquiring an additional 2,935 shares during the period. Finally, Cary Street Partners Financial LLC boosted its holdings in shares of ROBO Global Artificial Intelligence ETF by 48.8% in the fourth quarter. Cary Street Partners Financial LLC now owns 11,137 shares of the company’s stock valued at $707,000 after acquiring an additional 3,652 shares in the last quarter.

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.