ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Trading Down 0.4% – Should You Sell?

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) fell 0.4% during mid-day trading on Wednesday . The company traded as low as $48.93 and last traded at $49.00. 15,910 shares were traded during mid-day trading, a decline of 33% from the average session volume of 23,757 shares. The stock had previously closed at $49.21.

ROBO Global Artificial Intelligence ETF Stock Up 0.1 %

The firm has a market capitalization of $203.60 million, a PE ratio of 43.56 and a beta of 1.59. The firm has a 50-day moving average price of $49.40 and a 200 day moving average price of $46.31.

Institutional Investors Weigh In On ROBO Global Artificial Intelligence ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of ROBO Global Artificial Intelligence ETF in the second quarter valued at approximately $74,000. Lindbrook Capital LLC lifted its position in shares of ROBO Global Artificial Intelligence ETF by 91.8% in the third quarter. Lindbrook Capital LLC now owns 3,720 shares of the company’s stock valued at $172,000 after acquiring an additional 1,780 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of ROBO Global Artificial Intelligence ETF in the third quarter valued at approximately $181,000.

About ROBO Global Artificial Intelligence ETF

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.