Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Sees Unusually-High Trading Volume – Should You Buy?

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) saw unusually-high trading volume on Friday . Approximately 1,367,401 shares changed hands during mid-day trading, an increase of 184% from the previous session’s volume of 482,306 shares.The stock last traded at $90.69 and had previously closed at $100.23.

Roundhill Generative AI & Technology ETF Price Performance

The company has a market capitalization of $1.67 billion, a PE ratio of 21.50 and a beta of 1.85. The business’s 50 day simple moving average is $79.62 and its 200 day simple moving average is $68.01.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CHAT. IFP Advisors Inc raised its position in Roundhill Generative AI & Technology ETF by 29.4% in the third quarter. IFP Advisors Inc now owns 828 shares of the company’s stock valued at $51,000 after purchasing an additional 188 shares during the period. Morse Asset Management Inc purchased a new position in shares of Roundhill Generative AI & Technology ETF during the 3rd quarter worth $26,000. NewEdge Advisors LLC increased its position in shares of Roundhill Generative AI & Technology ETF by 14.7% during the 4th quarter. NewEdge Advisors LLC now owns 3,897 shares of the company’s stock worth $230,000 after purchasing an additional 500 shares during the last quarter. Parallel Advisors LLC acquired a new stake in shares of Roundhill Generative AI & Technology ETF during the 3rd quarter worth about $38,000. Finally, Jackson Wealth Management LLC raised its holdings in Roundhill Generative AI & Technology ETF by 29.4% in the 4th quarter. Jackson Wealth Management LLC now owns 4,506 shares of the company’s stock valued at $266,000 after buying an additional 1,024 shares during the period.

About Roundhill Generative AI & Technology ETF

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.