ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Reaches New 12-Month High – Here’s Why

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ – Get Free Report)’s stock price hit a new 52-week high during trading on Friday. The stock traded as high as $99.53 and last traded at $99.10, with a volume of 7201 shares trading hands. The stock had previously closed at $97.52.

ROBO Global Artificial Intelligence ETF Price Performance

The business’s 50-day simple moving average is $90.57 and its two-hundred day simple moving average is $82.15. The stock has a market cap of $502.73 million, a price-to-earnings ratio of 39.78 and a beta of 1.49.

Institutional Inflows and Outflows

A hedge fund recently raised its position in ROBO Global Artificial Intelligence ETF stock. Janney Montgomery Scott LLC lifted its position in shares of ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ – Free Report) by 66.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,360 shares of the company’s stock after acquiring an additional 2,935 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.16% of ROBO Global Artificial Intelligence ETF worth $434,000 at the end of the most recent reporting period.

About ROBO Global Artificial Intelligence ETF

(Get Free Report)

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.

Further Reading

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