ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Trading 1.2% Higher – Time to Buy?

Shares of ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) rose 1.2% on Tuesday . The stock traded as high as $47.37 and last traded at $47.35. Approximately 5,357 shares traded hands during trading, a decline of 79% from the average daily volume of 25,984 shares. The stock had previously closed at $46.79.

ROBO Global Artificial Intelligence ETF Price Performance

The stock’s fifty day simple moving average is $45.35 and its two-hundred day simple moving average is $44.13. The company has a market capitalization of $196.50 million, a price-to-earnings ratio of 43.56 and a beta of 1.59.

Institutional Investors Weigh In On ROBO Global Artificial Intelligence ETF

A hedge fund recently bought a new stake in ROBO Global Artificial Intelligence ETF stock. Ashton Thomas Private Wealth LLC bought a new stake in ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,644 shares of the company’s stock, valued at approximately $74,000.

About ROBO Global Artificial Intelligence ETF

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.