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

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) saw an uptick in trading volume on Thursday . 485,363 shares changed hands during trading, an increase of 125% from the previous session’s volume of 215,552 shares.The stock last traded at $60.97 and had previously closed at $62.70.

Roundhill Generative AI & Technology ETF Stock Performance

The company has a market cap of $1.00 billion, a P/E ratio of 21.50 and a beta of 1.63. The stock has a 50-day moving average of $62.56 and a two-hundred day moving average of $52.59.

Institutional Investors Weigh In On Roundhill Generative AI & Technology ETF

Institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC purchased a new position in shares of Roundhill Generative AI & Technology ETF in the third quarter worth about $38,000. Creative Financial Designs Inc. ADV bought a new position in Roundhill Generative AI & Technology ETF during the 3rd quarter worth approximately $101,000. Cary Street Partners Financial LLC purchased a new position in shares of Roundhill Generative AI & Technology ETF in the third quarter worth $558,000. Price Capital Management Inc. purchased a new stake in Roundhill Generative AI & Technology ETF during the 3rd quarter valued at $7,894,000. Finally, Valeo Financial Advisors LLC bought a new stake in Roundhill Generative AI & Technology ETF in the 3rd quarter worth $537,000.

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.