Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Short Interest Down 72.7% in July

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 182,726 shares, a decline of 72.7% from the July 15th total of 669,012 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 766,463 shares, the days-to-cover ratio is currently 0.2 days.

Roundhill Generative AI & Technology ETF Price Performance

CHAT traded down $0.09 during mid-day trading on Friday, hitting $93.52. The stock had a trading volume of 226,185 shares, compared to its average volume of 530,292. The stock’s fifty day simple moving average is $90.20 and its 200-day simple moving average is $78.61. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 21.50 and a beta of 1.90. Roundhill Generative AI & Technology ETF has a 1-year low of $50.73 and a 1-year high of $105.20.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHAT. NewEdge Advisors LLC increased its holdings in shares of Roundhill Generative AI & Technology ETF by 2,875.6% in the first quarter. NewEdge Advisors LLC now owns 6,338 shares of the company’s stock worth $221,000 after acquiring an additional 6,125 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Roundhill Generative AI & Technology ETF during the 2nd quarter valued at about $63,000. Marshall Wace LLP acquired a new position in shares of Roundhill Generative AI & Technology ETF in the 2nd quarter valued at approximately $312,000. Parallel Advisors LLC acquired a new position in shares of Roundhill Generative AI & Technology ETF in the 3rd quarter valued at approximately $38,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Roundhill Generative AI & Technology ETF during the 3rd quarter worth approximately $255,000.

Roundhill Generative AI & Technology ETF Company Profile

The Roundhill Generative AI & Technology ETF (CHAT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in 25 to 50 companies around the world that are involved in generative artificial intelligence and other related technologies. CHAT was launched on May 18, 2023 and is managed by Roundhill.