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

Posted by Trevor Kearing on Nov 29th, 2024

Global X Future Analytics Tech ETF (NASDAQ:AIQ – Get Free Report) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 259,200 shares, a drop of 66.7% from the October 31st total of 777,700 shares. Based on an average daily trading volume, of 314,300 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On Global X Future Analytics Tech ETF

Several hedge funds and other institutional investors have recently bought and sold shares of AIQ. Sanctuary Advisors LLC boosted its stake in Global X Future Analytics Tech ETF by 49.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 18,322 shares of the technology ETF’s stock worth $709,000 after purchasing an additional 6,102 shares during the period. Executive Wealth Management LLC increased its position in Global X Future Analytics Tech ETF by 32.0% during the 3rd quarter. Executive Wealth Management LLC now owns 16,150 shares of the technology ETF’s stock worth $600,000 after purchasing an additional 3,919 shares during the period. LRI Investments LLC purchased a new position in shares of Global X Future Analytics Tech ETF during the 3rd quarter worth approximately $188,000. Stifel Financial Corp lifted its holdings in shares of Global X Future Analytics Tech ETF by 18.1% in the 3rd quarter. Stifel Financial Corp now owns 147,279 shares of the technology ETF’s stock valued at $5,475,000 after buying an additional 22,619 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Global X Future Analytics Tech ETF by 1.1% during the third quarter. HighTower Advisors LLC now owns 99,577 shares of the technology ETF’s stock worth $3,706,000 after acquiring an additional 1,090 shares during the period. 27.02% of the stock is currently owned by institutional investors and hedge funds.

Global X Future Analytics Tech ETF Stock Performance

AIQ opened at $38.58 on Friday. The business’s 50-day simple moving average is $37.64 and its 200-day simple moving average is $35.82. The company has a market cap of $2.34 billion, a P/E ratio of -226.94 and a beta of 1.13. Global X Future Analytics Tech ETF has a one year low of $29.32 and a one year high of $39.17.