TrueShares Technology, AI & Deep Learning ETF (NYSEARCA:LRNZ) Trading Down 3.6% – Here’s Why

TrueShares Technology, AI & Deep Learning ETF (NYSEARCA:LRNZ)’s share price dropped 3.6% during trading on Thursday . The stock traded as low as $45.73 and last traded at $46.14. Approximately 9,659 shares changed hands during trading, an increase of 224% from the average daily volume of 2,977 shares. The stock had previously closed at $47.85.

TrueShares Technology, AI & Deep Learning ETF Trading Down 1.2%

The firm has a market cap of $31.90 million, a PE ratio of 54.00 and a beta of 1.25. The company has a 50-day simple moving average of $47.66 and a 200 day simple moving average of $46.53.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in TrueShares Technology, AI & Deep Learning ETF stock. Triumph Capital Management purchased a new position in shares of TrueShares Technology, AI & Deep Learning ETF (NYSEARCA:LRNZ) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,358 shares of the company’s stock, valued at approximately $107,000. Triumph Capital Management owned approximately 0.32% of TrueShares Technology, AI & Deep Learning ETF at the end of the most recent quarter.

TrueShares Technology, AI & Deep Learning ETF Company Profile

The TrueShares Technology, AI and Deep Learning ETF (LRNZ) is an exchange-traded fund that is based on the Nasdaq Composite TR index. The fund is actively managed and invests in global equities focused on artificial intelligence and deep learning. LRNZ was launched on Feb 28, 2020 and is managed by TrueShares.