Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Short Interest Up 493.6% in July

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 3,542,390 shares, a growth of 493.6% from the July 15th total of 596,715 shares. Based on an average daily trading volume, of 2,223,021 shares, the days-to-cover ratio is currently 1.6 days. Approximately 2.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AIQ. Valley Wealth Managers Inc. lifted its holdings in shares of Global X Artificial Intelligence & Technology ETF by 15.0% in the 1st quarter. Valley Wealth Managers Inc. now owns 748,911 shares of the technology ETF’s stock worth $34,952,000 after buying an additional 97,869 shares during the period. Concentrum Wealth Management increased its stake in shares of Global X Artificial Intelligence & Technology ETF by 985.1% during the fourth quarter. Concentrum Wealth Management now owns 44,914 shares of the technology ETF’s stock valued at $2,284,000 after buying an additional 40,775 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Global X Artificial Intelligence & Technology ETF by 2.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,531,632 shares of the technology ETF’s stock valued at $77,899,000 after buying an additional 39,357 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Global X Artificial Intelligence & Technology ETF by 27.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 141,789 shares of the technology ETF’s stock valued at $7,211,000 after acquiring an additional 30,723 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Global X Artificial Intelligence & Technology ETF in the second quarter valued at about $932,000. 27.02% of the stock is currently owned by hedge funds and other institutional investors.

Global X Artificial Intelligence & Technology ETF Price Performance

Shares of AIQ stock opened at $64.62 on Friday. The company has a market capitalization of $11.23 billion, a P/E ratio of -380.12 and a beta of 1.35. The company’s 50-day simple moving average is $62.37 and its two-hundred day simple moving average is $56.68. Global X Artificial Intelligence & Technology ETF has a one year low of $43.45 and a one year high of $70.26.

Global X Artificial Intelligence & Technology ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were paid a $0.0005 dividend. The ex-dividend date of this dividend was Monday, June 29th. Global X Artificial Intelligence & Technology ETF’s dividend payout ratio is -23.53%.

Global X Artificial Intelligence & Technology ETF Company Profile

Global X Artificial Intelligence & Technology ETF