Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Sees Large Volume Increase – Here’s What Happened

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) saw unusually-high trading volume on Wednesday . 3,996,915 shares changed hands during trading, an increase of 79% from the previous session’s volume of 2,232,571 shares.The stock last traded at $56.43 and had previously closed at $57.24.

Global X Artificial Intelligence & Technology ETF Price Performance

The firm has a market capitalization of $8.92 billion, a PE ratio of -330.53 and a beta of 1.33. The business’s 50 day moving average is $63.37 and its two-hundred day moving average is $55.89.

Global X Artificial Intelligence & Technology ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were paid a dividend of $0.0005 per share. The ex-dividend date of this dividend was Monday, June 29th. Global X Artificial Intelligence & Technology ETF’s payout ratio is -23.53%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Gen Wealth Partners Inc grew its holdings in shares of Global X Artificial Intelligence & Technology ETF by 86.1% during the 4th quarter. Gen Wealth Partners Inc now owns 521 shares of the technology ETF’s stock valued at $26,000 after purchasing an additional 241 shares during the last quarter. WFA of San Diego LLC purchased a new stake in Global X Artificial Intelligence & Technology ETF during the second quarter valued at about $26,000. Manning & Napier Advisors LLC purchased a new stake in Global X Artificial Intelligence & Technology ETF during the fourth quarter valued at about $31,000. Vestor Capital LLC bought a new position in shares of Global X Artificial Intelligence & Technology ETF during the fourth quarter valued at about $60,000. Finally, North Star Investment Management Corp. grew its stake in shares of Global X Artificial Intelligence & Technology ETF by 19.3% during the first quarter. North Star Investment Management Corp. now owns 1,366 shares of the technology ETF’s stock valued at $64,000 after buying an additional 221 shares during the last quarter. 27.02% of the stock is owned by hedge funds and other institutional investors.

Global X Artificial Intelligence & Technology ETF Company Profile

Global X Artificial Intelligence & Technology ETF