ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Trading Down 0.4% – Here’s Why

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) dropped 0.4% during trading on Wednesday . The company traded as low as $48.93 and last traded at $49.00. Approximately 15,910 shares changed hands during trading, a decline of 33% from the average daily volume of 23,757 shares. The stock had previously closed at $49.21.

ROBO Global Artificial Intelligence ETF Stock Performance

The company’s fifty day moving average price is $49.40 and its two-hundred day moving average price is $46.31. The firm has a market capitalization of $203.60 million, a PE ratio of 43.56 and a beta of 1.59.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC acquired a new stake in ROBO Global Artificial Intelligence ETF in the second quarter valued at approximately $74,000. Lindbrook Capital LLC lifted its holdings in ROBO Global Artificial Intelligence ETF by 91.8% during the 3rd quarter. Lindbrook Capital LLC now owns 3,720 shares of the company’s stock worth $172,000 after buying an additional 1,780 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in ROBO Global Artificial Intelligence ETF in the third quarter worth $181,000.

ROBO Global Artificial Intelligence ETF Company Profile

The Robo Global Artificial Intelligence ETF (THNQ) is an exchange-traded fund that is based on the ROBO Global Artificial Intelligence index. The fund tracks a global index of companies involved in developing the technology and the infrastructure of enabling artificial intelligence. THNQ was launched on May 11, 2020 and is managed by ROBO Global.