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 decrease in short interest in June. As of June 15th, there was short interest totaling 558,832 shares, a decrease of 37.7% from the May 31st total of 896,668 shares. Based on an average daily 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.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Morse Asset Management Inc bought a new stake in shares of Roundhill Generative AI & Technology ETF in the 3rd quarter valued at about $26,000. Parallel Advisors LLC bought a new position in shares of Roundhill Generative AI & Technology ETF during the third quarter valued at approximately $38,000. IFP Advisors Inc boosted its stake in shares of Roundhill Generative AI & Technology ETF by 29.4% during 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 in the last quarter. JPMorgan Chase & Co. purchased a new position in Roundhill Generative AI & Technology ETF during the second quarter valued at approximately $63,000. Finally, Vestor Capital LLC increased its holdings in Roundhill Generative AI & Technology ETF by 7,712.5% during the first quarter. Vestor Capital LLC now owns 1,250 shares of the company’s stock valued at $77,000 after buying an additional 1,234 shares during the period.

Roundhill Generative AI & Technology ETF Trading Down 5.1%

Shares of Roundhill Generative AI & Technology ETF stock traded down $4.73 during trading on Thursday, hitting $88.79. 873,359 shares of the stock traded hands, compared to its average volume of 516,448. The stock’s fifty day simple moving average is $90.50 and its 200 day simple moving average is $72.76. The firm has a market cap of $1.94 billion, a P/E ratio of 21.50 and a beta of 1.84. Roundhill Generative AI & Technology ETF has a 52-week low of $47.79 and a 52-week high of $105.20.

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.