ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Stock Price Up 1.6% – Should You Buy?

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) shares shot up 1.6% on Friday . The company traded as high as $64.75 and last traded at $64.66. 7,028 shares traded hands during trading, a decline of 74% from the average session volume of 26,614 shares. The stock had previously closed at $63.65.

ROBO Global Artificial Intelligence ETF Trading Up 1.6%

The firm has a 50-day moving average of $65.35 and a 200-day moving average of $58.87. The stock has a market capitalization of $290.97 million, a price-to-earnings ratio of 39.78 and a beta of 1.33.

Institutional Investors Weigh In On ROBO Global Artificial Intelligence ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Flow Traders U.S. LLC purchased a new position in ROBO Global Artificial Intelligence ETF during the 1st quarter worth approximately $1,219,000. Arkadios Wealth Advisors purchased a new stake in shares of ROBO Global Artificial Intelligence ETF in the 2nd quarter valued at $213,000. Strategic Advocates LLC increased its stake in shares of ROBO Global Artificial Intelligence ETF by 5.8% in the second quarter. Strategic Advocates LLC now owns 28,834 shares of the company’s stock worth $1,586,000 after acquiring an additional 1,580 shares during the period. GPS Wealth Strategies Group LLC purchased a new position in shares of ROBO Global Artificial Intelligence ETF during the third quarter worth $92,000. Finally, Cary Street Partners Financial LLC acquired a new position in ROBO Global Artificial Intelligence ETF during the third quarter valued at $479,000.

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.