Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Sees Large Decrease in Short Interest

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 182,726 shares, a decline of 72.7% from the July 15th total of 669,012 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 766,463 shares, the days-to-cover ratio is presently 0.2 days.

Roundhill Generative AI & Technology ETF Trading Up 1.0%

Shares of CHAT opened at $93.62 on Thursday. Roundhill Generative AI & Technology ETF has a twelve month low of $50.73 and a twelve month high of $105.20. The company has a market cap of $2.01 billion, a P/E ratio of 21.50 and a beta of 1.90. The company’s fifty day simple moving average is $90.27 and its 200-day simple moving average is $78.28.

Institutional Trading of Roundhill Generative AI & Technology ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Morse Asset Management Inc purchased a new position in shares of Roundhill Generative AI & Technology ETF during the third quarter valued at approximately $26,000. Parallel Advisors LLC purchased a new stake in shares of Roundhill Generative AI & Technology ETF in the third quarter worth approximately $38,000. Vestor Capital LLC raised its holdings in shares of Roundhill Generative AI & Technology ETF by 7,712.5% in the first quarter. Vestor Capital LLC now owns 1,250 shares of the company’s stock worth $77,000 after buying an additional 1,234 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Roundhill Generative AI & Technology ETF during the 2nd quarter worth approximately $63,000. Finally, NewEdge Advisors LLC boosted its holdings in Roundhill Generative AI & Technology ETF by 693.7% during the 3rd quarter. NewEdge Advisors LLC now owns 3,397 shares of the company’s stock valued at $209,000 after acquiring an additional 2,969 shares during the period.

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.