Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Shares Cross Above 200 Day Moving Average – Here’s Why

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQGet Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $52.66 and traded as high as $68.51. Global X Artificial Intelligence & Technology ETF shares last traded at $68.07, with a volume of 2,538,578 shares changing hands.

Global X Artificial Intelligence & Technology ETF Stock Down 8.2%

The firm has a market cap of $9.69 billion, a P/E ratio of -367.76 and a beta of 1.33. The stock’s 50-day simple moving average is $56.96 and its 200 day simple moving average is $52.73.

Hedge Funds Weigh In On Global X Artificial Intelligence & Technology ETF

Several institutional investors have recently made changes to their positions in AIQ. Gen Wealth Partners Inc increased its stake in Global X Artificial Intelligence & Technology ETF by 86.1% in the 4th quarter. Gen Wealth Partners Inc now owns 521 shares of the technology ETF’s stock valued at $26,000 after buying an additional 241 shares during the last quarter. WFA of San Diego LLC bought a new position in shares of Global X Artificial Intelligence & Technology ETF during the 2nd quarter valued at approximately $26,000. Eukles Asset Management bought a new position in shares of Global X Artificial Intelligence & Technology ETF during the 3rd quarter valued at approximately $27,000. Nemes Rush Group LLC grew its position in shares of Global X Artificial Intelligence & Technology ETF by 503.0% during the 3rd quarter. Nemes Rush Group LLC now owns 603 shares of the technology ETF’s stock valued at $30,000 after acquiring an additional 503 shares during the period. Finally, Manning & Napier Advisors LLC bought a new position in shares of Global X Artificial Intelligence & Technology ETF during the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 27.02% of the company’s stock.

About Global X Artificial Intelligence & Technology ETF

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Global X Artificial Intelligence & Technology ETF

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