ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Sees Large Volume Increase – Still a Buy?

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) saw an uptick in trading volume on Wednesday . Approximately 62,601 shares were traded during mid-day trading, an increase of 164% from the previous session’s volume of 23,753 shares.The stock last traded at $96.39 and had previously closed at $97.58.

ROBO Global Artificial Intelligence ETF Stock Performance

The firm has a 50-day moving average price of $88.85 and a 200 day moving average price of $80.36. The stock has a market capitalization of $523.48 million, a P/E ratio of 39.78 and a beta of 1.49.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of THNQ. Strategic Advocates LLC increased its stake in ROBO Global Artificial Intelligence ETF by 4.2% in the 4th quarter. Strategic Advocates LLC now owns 31,314 shares of the company’s stock worth $2,001,000 after purchasing an additional 1,255 shares during the period. Cary Street Partners Financial LLC lifted its position in shares of ROBO Global Artificial Intelligence ETF by 48.8% in the 4th quarter. Cary Street Partners Financial LLC now owns 11,137 shares of the company’s stock worth $707,000 after purchasing an additional 3,652 shares during the period. Janney Montgomery Scott LLC lifted its holdings in ROBO Global Artificial Intelligence ETF by 66.3% in the first quarter. Janney Montgomery Scott LLC now owns 7,360 shares of the company’s stock worth $434,000 after buying an additional 2,935 shares during the period. Finally, Basepoint Wealth LLC purchased a new position in shares of ROBO Global Artificial Intelligence ETF in the 4th quarter valued at approximately $38,000.

ROBO Global Artificial Intelligence ETF Company Profile

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.