Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Sees Strong Trading Volume – Here’s Why

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) shares saw strong trading volume on Friday . 1,367,401 shares were traded during trading, an increase of 184% from the previous session’s volume of 482,306 shares.The stock last traded at $90.69 and had previously closed at $100.23.

Roundhill Generative AI & Technology ETF Price Performance

The business has a fifty day moving average of $80.14 and a 200-day moving average of $68.17. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 21.50 and a beta of 1.85.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CHAT. Morse Asset Management Inc acquired a new position in Roundhill Generative AI & Technology ETF during the third quarter worth about $26,000. Parallel Advisors LLC acquired a new position in Roundhill Generative AI & Technology ETF during the third quarter worth about $38,000. IFP Advisors Inc grew its holdings in Roundhill Generative AI & Technology ETF by 29.4% during the third quarter. IFP Advisors Inc now owns 828 shares of the company’s stock worth $51,000 after acquiring an additional 188 shares during the period. JPMorgan Chase & Co. acquired a new position in Roundhill Generative AI & Technology ETF during the second quarter worth about $63,000. Finally, Vestor Capital LLC boosted its position in shares of Roundhill Generative AI & Technology ETF by 7,712.5% in the 1st quarter. Vestor Capital LLC now owns 1,250 shares of the company’s stock valued at $77,000 after purchasing an additional 1,234 shares during the period.

About Roundhill Generative AI & Technology ETF

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.