Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Sees Large Growth in Short Interest

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQGet Free Report) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 3,542,390 shares, an increase of 493.6% from the July 15th total of 596,715 shares. Approximately 2.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,223,021 shares, the days-to-cover ratio is currently 1.6 days.

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

Several hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Global X Artificial Intelligence & Technology ETF by 16.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 75,652 shares of the technology ETF’s stock valued at $2,752,000 after purchasing an additional 10,407 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of Global X Artificial Intelligence & Technology ETF by 34.0% in the second quarter. Baird Financial Group Inc. now owns 30,520 shares of the technology ETF’s stock valued at $1,333,000 after buying an additional 7,738 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Global X Artificial Intelligence & Technology ETF in the second quarter valued at $932,000. BNP Paribas Financial Markets lifted its position in shares of Global X Artificial Intelligence & Technology ETF by 15,471.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,163 shares of the technology ETF’s stock valued at $313,000 after acquiring an additional 7,117 shares during the last quarter. Finally, WFA of San Diego LLC acquired a new stake in shares of Global X Artificial Intelligence & Technology ETF during the 2nd quarter valued at $26,000. Institutional investors and hedge funds own 27.02% of the company’s stock.

Global X Artificial Intelligence & Technology ETF Stock Down 0.5%

Shares of AIQ stock opened at $63.20 on Wednesday. The stock has a 50-day simple moving average of $62.55 and a 200 day simple moving average of $56.52. The stock has a market capitalization of $10.98 billion, a P/E ratio of -371.76 and a beta of 1.35. Global X Artificial Intelligence & Technology ETF has a fifty-two week low of $43.45 and a fifty-two week high of $70.26.

Global X Artificial Intelligence & Technology ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were issued a $0.0005 dividend. The ex-dividend date of this dividend was Monday, June 29th. Global X Artificial Intelligence & Technology ETF’s dividend payout ratio is presently -23.53%.

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