Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Sees Large Decrease in Short Interest

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 558,832 shares, a drop of 37.7% from the May 31st total of 896,668 shares. Based on an average trading volume of 856,606 shares, the days-to-cover ratio is presently 0.7 days. Currently, 3.0% of the company’s stock are sold short.

Roundhill Generative AI & Technology ETF Trading Down 5.1%

Shares of CHAT traded down $4.73 during trading hours on Thursday, hitting $88.79. The company had a trading volume of 873,359 shares, compared to its average volume of 516,448. The company has a market capitalization of $1.94 billion, a PE ratio of 21.50 and a beta of 1.84. Roundhill Generative AI & Technology ETF has a one year low of $47.79 and a one year high of $105.20. The company’s fifty day moving average price is $90.50 and its two-hundred day moving average price is $72.76.

Hedge Funds Weigh In On Roundhill Generative AI & Technology ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Providence First Trust Co bought a new position in Roundhill Generative AI & Technology ETF in the fourth quarter worth about $1,202,000. Marshall Wace LLP bought a new stake in shares of Roundhill Generative AI & Technology ETF in the 2nd quarter valued at about $312,000. NewEdge Advisors LLC boosted its holdings in shares of Roundhill Generative AI & Technology ETF by 14.7% in the 4th quarter. NewEdge Advisors LLC now owns 3,897 shares of the company’s stock valued at $230,000 after buying an additional 500 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Roundhill Generative AI & Technology ETF in the 2nd quarter worth approximately $63,000. Finally, Parallel Advisors LLC purchased a new position in shares of Roundhill Generative AI & Technology ETF in the 3rd quarter worth approximately $38,000.

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.