Global X Future Analytics Tech ETF (NASDAQ:AIQ) Sees Large Increase in Short Interest

Global X Future Analytics Tech ETF (NASDAQ:AIQ) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 670,200 shares, an increase of 263.8% from the September 30th total of 184,200 shares. Based on an average daily trading volume, of 336,800 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AIQ. Mirae Asset Global Investments Co. Ltd. lifted its stake in Global X Future Analytics Tech ETF by 107.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 905,758 shares of the technology ETF’s stock worth $30,760,000 after purchasing an additional 470,066 shares during the last quarter. LPL Financial LLC increased its position in shares of Global X Future Analytics Tech ETF by 25.2% during the second quarter. LPL Financial LLC now owns 2,027,885 shares of the technology ETF’s stock valued at $72,254,000 after buying an additional 407,981 shares during the period. Valley Wealth Managers Inc. lifted its stake in shares of Global X Future Analytics Tech ETF by 136.7% in the 2nd quarter. Valley Wealth Managers Inc. now owns 548,975 shares of the technology ETF’s stock valued at $19,560,000 after purchasing an additional 317,031 shares during the period. Envestnet Asset Management Inc. lifted its position in Global X Future Analytics Tech ETF by 118.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 579,410 shares of the technology ETF’s stock valued at $20,644,000 after acquiring an additional 313,914 shares during the period. Finally, Kestra Advisory Services LLC grew its holdings in Global X Future Analytics Tech ETF by 363.2% in the first quarter. Kestra Advisory Services LLC now owns 379,397 shares of the technology ETF’s stock worth $12,884,000 after purchasing an additional 297,491 shares during the period. Institutional investors own 27.02% of the company’s stock.

Global X Future Analytics Tech ETF Stock Performance

AIQ traded up $0.05 during midday trading on Friday, reaching $37.36. The company had a trading volume of 208,634 shares, compared to its average volume of 537,830. The stock has a market cap of $2.26 billion, a PE ratio of -219.76 and a beta of 1.13. The business has a 50-day moving average price of $36.14 and a two-hundred day moving average price of $34.96. Global X Future Analytics Tech ETF has a 12-month low of $25.39 and a 12-month high of $38.19.

About Global X Future Analytics Tech ETF

Global X Artificial Intelligence & Technology ETF