Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Shares Break Above 200 Day Moving Average – Here’s What Happened

Shares of Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $59.89 and traded as high as $65.30. Global X Artificial Intelligence & Technology ETF shares last traded at $65.05, with a volume of 1,374,408 shares trading hands.

Global X Artificial Intelligence & Technology ETF Price Performance

The company has a market cap of $10.40 billion, a price-to-earnings ratio of -386.29 and a beta of 1.35. The business has a 50 day simple moving average of $63.06 and a 200 day simple moving average of $60.00.

Hedge Funds Weigh In On Global X Artificial Intelligence & Technology ETF

Institutional investors have recently modified their holdings of the stock. Compass Financial Management LLC acquired a new position in Global X Artificial Intelligence & Technology ETF during the 2nd quarter worth $69,000. Allied Private Wealth LLC acquired a new position in shares of Global X Artificial Intelligence & Technology ETF during the second quarter valued at $371,000. Valeo Financial Advisors LLC bought a new stake in Global X Artificial Intelligence & Technology ETF during the 2nd quarter worth about $286,000. Somerset Trust Co acquired a new stake in shares of Global X Artificial Intelligence & Technology ETF during the 2nd quarter worth approximately $989,000. Finally, Silverleafe Capital Partners LLC grew its position in shares of Global X Artificial Intelligence & Technology ETF by 0.5% during the 2nd quarter. Silverleafe Capital Partners LLC now owns 64,832 shares of the technology ETF’s stock worth $4,254,000 after buying an additional 302 shares during the period. 27.02% of the stock is owned by institutional investors.

About Global X Artificial Intelligence & Technology ETF

Global X Artificial Intelligence & Technology ETF