Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ – Get Free Report) saw a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 412,900 shares, a decrease of 27.7% from the May 15th total of 571,100 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 619,300 shares, the days-to-cover ratio is presently 0.7 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in AIQ. Elevation Wealth Partners LLC purchased a new stake in shares of Global X Artificial Intelligence & Technology ETF in the first quarter valued at about $27,000. Accredited Wealth Management LLC purchased a new stake in shares of Global X Artificial Intelligence & Technology ETF in the fourth quarter valued at about $29,000. Hurley Capital LLC purchased a new stake in shares of Global X Artificial Intelligence & Technology ETF in the fourth quarter valued at about $31,000. Capital Investment Advisory Services LLC lifted its holdings in shares of Global X Artificial Intelligence & Technology ETF by 987.7% in the first quarter. Capital Investment Advisory Services LLC now owns 881 shares of the technology ETF’s stock valued at $32,000 after purchasing an additional 800 shares in the last quarter. Finally, Cornerstone Planning Group LLC purchased a new stake in shares of Global X Artificial Intelligence & Technology ETF in the first quarter valued at about $35,000. 27.02% of the stock is currently owned by institutional investors and hedge funds.
Global X Artificial Intelligence & Technology ETF Trading Down 0.1%
Shares of AIQ opened at $41.88 on Thursday. The firm’s 50-day moving average is $38.81 and its two-hundred day moving average is $38.92. Global X Artificial Intelligence & Technology ETF has a twelve month low of $30.60 and a twelve month high of $42.78. The firm has a market capitalization of $3.27 billion, a P/E ratio of -246.35 and a beta of 1.13.
Global X Artificial Intelligence & Technology ETF Company Profile
Global X Artificial Intelligence & Technology ETF
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