Short Interest in Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Increases By 74.9%

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 638,093 shares, a growth of 74.9% from the January 15th total of 364,785 shares. Approximately 3.8% of the shares of the company are short sold. Based on an average daily volume of 387,111 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily volume of 387,111 shares, the days-to-cover ratio is currently 1.6 days. Approximately 3.8% of the shares of the company are short sold.

Institutional Investors Weigh In On Roundhill Generative AI & Technology ETF

A number of institutional investors and hedge funds have recently modified their holdings of CHAT. Janney Montgomery Scott LLC increased its holdings in Roundhill Generative AI & Technology ETF by 41.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 63,098 shares of the company’s stock worth $3,720,000 after buying an additional 18,467 shares during the period. Berbice Capital Management LLC lifted its stake in Roundhill Generative AI & Technology ETF by 89.1% during the 4th quarter. Berbice Capital Management LLC now owns 10,806 shares of the company’s stock valued at $637,000 after acquiring an additional 5,091 shares during the period. Valeo Financial Advisors LLC boosted its holdings in shares of Roundhill Generative AI & Technology ETF by 37.1% in the 4th quarter. Valeo Financial Advisors LLC now owns 11,973 shares of the company’s stock valued at $706,000 after acquiring an additional 3,237 shares during the last quarter. Providence First Trust Co purchased a new stake in shares of Roundhill Generative AI & Technology ETF in the 4th quarter valued at $1,202,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Roundhill Generative AI & Technology ETF in the fourth quarter worth $321,000.

Roundhill Generative AI & Technology ETF Stock Performance

CHAT stock traded up $1.02 during midday trading on Friday, reaching $63.34. The stock had a trading volume of 315,188 shares, compared to its average volume of 352,853. The firm has a fifty day simple moving average of $61.06 and a two-hundred day simple moving average of $59.83. Roundhill Generative AI & Technology ETF has a 52-week low of $28.96 and a 52-week high of $68.12. The stock has a market cap of $1.06 billion, a PE ratio of 21.50 and a beta of 1.63.

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.