Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Sees Strong Trading Volume – Here’s What Happened

Shares of Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) saw unusually-high trading volume on Friday . Approximately 133,348 shares were traded during trading, a decline of 13% from the previous session’s volume of 153,239 shares.The stock last traded at $63.38 and had previously closed at $63.49.

Roundhill Generative AI & Technology ETF Trading Down 0.6%

The stock has a market cap of $889.57 million, a P/E ratio of 21.50 and a beta of 1.51. The company has a 50-day moving average price of $55.91 and a two-hundred day moving average price of $46.37.

Hedge Funds Weigh In On Roundhill Generative AI & Technology ETF

Several large investors have recently modified their holdings of CHAT. Janney Montgomery Scott LLC increased its position in shares of Roundhill Generative AI & Technology ETF by 12.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 6,217 shares of the company’s stock valued at $217,000 after purchasing an additional 700 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in Roundhill Generative AI & Technology ETF during the 1st quarter valued at $829,000. OLD Mission Capital LLC purchased a new position in Roundhill Generative AI & Technology ETF during the 1st quarter valued at $909,000. NewEdge Advisors LLC boosted its holdings in Roundhill Generative AI & Technology ETF by 2,875.6% during the 1st quarter. NewEdge Advisors LLC now owns 6,338 shares of the company’s stock valued at $221,000 after acquiring an additional 6,125 shares during the period. Finally, JPMorgan Chase & Co. purchased a new position in Roundhill Generative AI & Technology ETF during the 2nd quarter valued at $63,000.

Roundhill Generative AI & Technology ETF Company Profile

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.