Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Sees Strong Trading Volume – What’s Next?

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) shares saw unusually-high trading volume on Monday . Approximately 982,298 shares traded hands during trading, an increase of 157% from the previous session’s volume of 382,915 shares.The stock last traded at $80.60 and had previously closed at $79.30.

Roundhill Generative AI & Technology ETF Stock Up 1.4%

The business’s fifty day moving average is $67.35 and its 200 day moving average is $63.71. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 21.50 and a beta of 1.75.

Institutional Investors Weigh In On Roundhill Generative AI & Technology ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Price Capital Management Inc. acquired a new stake in shares of Roundhill Generative AI & Technology ETF during the third quarter worth $7,894,000. Janney Montgomery Scott LLC raised its holdings in shares of Roundhill Generative AI & Technology ETF by 15.1% during the first quarter. Janney Montgomery Scott LLC now owns 72,650 shares of the company’s stock worth $4,493,000 after acquiring an additional 9,552 shares during the period. Providence First Trust Co acquired a new stake in shares of Roundhill Generative AI & Technology ETF during the fourth quarter worth $1,202,000. Valeo Financial Advisors LLC raised its holdings in shares of Roundhill Generative AI & Technology ETF by 37.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 11,973 shares of the company’s stock worth $706,000 after acquiring an additional 3,237 shares during the period. Finally, Berbice Capital Management LLC raised its holdings in shares of Roundhill Generative AI & Technology ETF by 89.1% during the fourth quarter. Berbice Capital Management LLC now owns 10,806 shares of the company’s stock worth $637,000 after acquiring an additional 5,091 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.