Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Short Interest Down 37.7% in June

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 558,832 shares, a decline of 37.7% from the May 31st total of 896,668 shares. Approximately 3.0% of the company’s shares are short sold. Based on an average daily trading volume, of 856,606 shares, the days-to-cover ratio is presently 0.7 days.

Roundhill Generative AI & Technology ETF Stock Performance

Shares of NYSEARCA:CHAT remained flat at $88.79 during mid-day trading on Friday. 873,692 shares of the company were exchanged, compared to its average volume of 516,453. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 21.50 and a beta of 1.84. The stock has a fifty day moving average of $90.76 and a 200 day moving average of $72.96. Roundhill Generative AI & Technology ETF has a 1-year low of $47.79 and a 1-year high of $105.20.

Institutional Investors Weigh In On Roundhill Generative AI & Technology ETF

Several hedge funds have recently bought and sold shares of the company. Providence First Trust Co acquired a new stake in Roundhill Generative AI & Technology ETF during the 4th quarter worth $1,202,000. Janney Montgomery Scott LLC increased its holdings in shares of Roundhill Generative AI & Technology ETF by 41.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 63,098 shares of the company’s stock worth $3,720,000 after acquiring an additional 18,467 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Roundhill Generative AI & Technology ETF in the second quarter worth about $312,000. NewEdge Advisors LLC raised its position in shares of Roundhill Generative AI & Technology ETF by 2,875.6% during the first quarter. NewEdge Advisors LLC now owns 6,338 shares of the company’s stock worth $221,000 after purchasing an additional 6,125 shares during the period. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Roundhill Generative AI & Technology ETF during the fourth quarter worth about $321,000.

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.