ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Sets New 52-Week High – Time to Buy?

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $96.31 and last traded at $96.14, with a volume of 415 shares traded. The stock had previously closed at $95.93.

ROBO Global Artificial Intelligence ETF Trading Up 0.3%

The company has a market cap of $519.43 million, a price-to-earnings ratio of 39.78 and a beta of 1.49. The company’s 50 day moving average price is $88.66 and its 200 day moving average price is $80.11.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in THNQ. Janney Montgomery Scott LLC lifted its position 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 valued at $434,000 after purchasing an additional 2,935 shares during the period. Strategic Advocates LLC boosted its holdings 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 valued at $2,001,000 after purchasing an additional 1,255 shares in the last quarter. Cary Street Partners Financial LLC increased its position in ROBO Global Artificial Intelligence ETF by 48.8% during 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. Finally, Basepoint Wealth LLC acquired a new position in ROBO Global Artificial Intelligence ETF during the 4th quarter worth approximately $38,000.

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.