ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Share Price Breaks Above 200-Day Moving Average – Should You Sell?

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $79.85 and traded as high as $83.61. ROBO Global Artificial Intelligence ETF shares last traded at $82.88, with a volume of 41,026 shares traded.

ROBO Global Artificial Intelligence ETF Stock Performance

The firm has a market capitalization of $435.12 million, a PE ratio of 39.78 and a beta of 1.52. The firm has a fifty day moving average of $91.52 and a 200 day moving average of $79.85.

Institutional Inflows and Outflows

A hedge fund recently raised its position in ROBO Global Artificial Intelligence ETF stock. Janney Montgomery Scott LLC boosted its holdings in shares of ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) by 66.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,360 shares of the company’s stock after purchasing an additional 2,935 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.16% of ROBO Global Artificial Intelligence ETF worth $434,000 at the end of the most recent quarter.

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.