Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Sees Significant Decline in Short Interest

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 182,726 shares, a decline of 72.7% from the July 15th total of 669,012 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 766,463 shares, the days-to-cover ratio is currently 0.2 days.

Roundhill Generative AI & Technology ETF Trading Up 1.0%

NYSEARCA CHAT opened at $93.62 on Thursday. The stock has a market cap of $2.01 billion, a PE ratio of 21.50 and a beta of 1.90. Roundhill Generative AI & Technology ETF has a 12 month low of $50.73 and a 12 month high of $105.20. The company’s 50-day moving average price is $90.27 and its 200-day moving average price is $78.28.

Hedge Funds Weigh In On Roundhill Generative AI & Technology ETF

A number of hedge funds have recently added to or reduced their stakes in CHAT. Noble Wealth Management PBC raised its stake in shares of Roundhill Generative AI & Technology ETF by 69.2% during the second quarter. Noble Wealth Management PBC now owns 4,780 shares of the company’s stock valued at $472,000 after acquiring an additional 1,955 shares in the last quarter. Vestor Capital LLC grew its stake in Roundhill Generative AI & Technology ETF by 7,712.5% in the first quarter. Vestor Capital LLC now owns 1,250 shares of the company’s stock worth $77,000 after purchasing an additional 1,234 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Roundhill Generative AI & Technology ETF by 15.1% in the first quarter. Janney Montgomery Scott LLC now owns 72,650 shares of the company’s stock worth $4,493,000 after purchasing an additional 9,552 shares in the last quarter. NewEdge Advisors LLC increased its holdings in 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 period. Finally, Berbice Capital Management LLC increased its holdings in Roundhill Generative AI & Technology ETF by 89.1% during the 4th quarter. Berbice Capital Management LLC now owns 10,806 shares of the company’s stock worth $637,000 after purchasing 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.