Short Interest in Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Drops By 65.2%

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 596,715 shares, a decrease of 65.2% from the June 30th total of 1,712,285 shares. Based on an average daily volume of 2,017,525 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the company’s shares are sold short.

Global X Artificial Intelligence & Technology ETF Trading Down 1.8%

Global X Artificial Intelligence & Technology ETF stock opened at $57.24 on Wednesday. The company has a 50-day moving average price of $63.37 and a 200 day moving average price of $55.89. Global X Artificial Intelligence & Technology ETF has a 12-month low of $43.19 and a 12-month high of $70.26. The stock has a market cap of $9.09 billion, a P/E ratio of -336.71 and a beta of 1.33.

Global X Artificial Intelligence & Technology ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were paid a $0.0005 dividend. The ex-dividend date of this dividend was Monday, June 29th. Global X Artificial Intelligence & Technology ETF’s dividend payout ratio is -23.53%.

Institutional Trading of Global X Artificial Intelligence & Technology ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Belpointe Asset Management LLC lifted its holdings in Global X Artificial Intelligence & Technology ETF by 36.8% in the fourth quarter. Belpointe Asset Management LLC now owns 64,275 shares of the technology ETF’s stock valued at $3,269,000 after acquiring an additional 17,291 shares during the last quarter. Concentrum Wealth Management increased its stake in Global X Artificial Intelligence & Technology ETF by 985.1% during the fourth quarter. Concentrum Wealth Management now owns 44,914 shares of the technology ETF’s stock worth $2,284,000 after acquiring an additional 40,775 shares during the last quarter. Valley Wealth Managers Inc. increased its stake in Global X Artificial Intelligence & Technology ETF by 15.0% during the first quarter. Valley Wealth Managers Inc. now owns 748,911 shares of the technology ETF’s stock worth $34,952,000 after acquiring an additional 97,869 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in Global X Artificial Intelligence & Technology ETF in the fourth quarter valued at $31,000. Finally, Kingswood Wealth Advisors LLC raised its position in Global X Artificial Intelligence & Technology ETF by 66.5% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 9,920 shares of the technology ETF’s stock valued at $505,000 after purchasing an additional 3,961 shares during the period. Institutional investors and hedge funds own 27.02% of the company’s stock.

About Global X Artificial Intelligence & Technology ETF

Global X Artificial Intelligence & Technology ETF