Short Interest in Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Increases By 74.9%

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 638,093 shares, an increase of 74.9% from the January 15th total of 364,785 shares. Approximately 3.8% of the company’s shares are short sold. Based on an average trading volume of 387,111 shares, the short-interest ratio is currently 1.6 days. Based on an average trading volume of 387,111 shares, the short-interest ratio is currently 1.6 days. Approximately 3.8% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Morse Asset Management Inc purchased a new stake in shares of Roundhill Generative AI & Technology ETF in the third quarter valued at $26,000. Parallel Advisors LLC purchased a new position in shares of Roundhill Generative AI & Technology ETF during the third quarter valued at approximately $38,000. IFP Advisors Inc boosted its position in shares of Roundhill Generative AI & Technology ETF by 29.4% during the third quarter. IFP Advisors Inc now owns 828 shares of the company’s stock valued at $51,000 after buying an additional 188 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Roundhill Generative AI & Technology ETF during the 2nd quarter worth approximately $63,000. Finally, Flagship Harbor Advisors LLC purchased a new position in Roundhill Generative AI & Technology ETF during the 4th quarter valued at $77,000.

Roundhill Generative AI & Technology ETF Stock Performance

CHAT stock traded up $1.02 during midday trading on Friday, reaching $63.34. 315,188 shares of the company traded hands, compared to its average volume of 352,853. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 21.50 and a beta of 1.63. Roundhill Generative AI & Technology ETF has a 52-week low of $28.96 and a 52-week high of $68.12. The business has a 50 day moving average of $61.06 and a 200-day moving average of $59.83.

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.