Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Sees Large Decline in Short Interest

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 115,397 shares, a decline of 58.3% from the November 30th total of 276,699 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 343,712 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 343,712 shares, the short-interest ratio is currently 0.3 days. Approximately 0.7% of the shares of the stock are short sold.

Institutional Investors Weigh In On Roundhill Generative AI & Technology ETF

Large investors have recently added to or reduced their stakes in the business. Morse Asset Management Inc bought a new position in Roundhill Generative AI & Technology ETF in the 3rd quarter worth about $26,000. Parallel Advisors LLC purchased a new position in shares of Roundhill Generative AI & Technology ETF during the third quarter worth about $38,000. IFP Advisors Inc increased its position in shares of Roundhill Generative AI & Technology ETF by 29.4% in the third quarter. IFP Advisors Inc now owns 828 shares of the company’s stock worth $51,000 after purchasing an additional 188 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Roundhill Generative AI & Technology ETF in the second quarter valued at approximately $63,000. Finally, Creative Financial Designs Inc. ADV bought a new stake in Roundhill Generative AI & Technology ETF during the third quarter valued at approximately $101,000.

Roundhill Generative AI & Technology ETF Stock Performance

NYSEARCA CHAT traded down $0.06 on Friday, hitting $61.01. The stock had a trading volume of 411,410 shares, compared to its average volume of 236,297. The firm has a 50-day moving average of $61.77 and a 200-day moving average of $56.78. Roundhill Generative AI & Technology ETF has a 52-week low of $28.96 and a 52-week high of $68.12. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 21.50 and a beta of 1.63.

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. CHAT was launched on May 18, 2023 and is managed by Roundhill.