Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Sees Large Volume Increase – Should You Buy?

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) saw unusually-high trading volume on Wednesday . Approximately 3,996,915 shares traded hands during trading, an increase of 79% from the previous session’s volume of 2,232,571 shares.The stock last traded at $56.43 and had previously closed at $57.24.

Global X Artificial Intelligence & Technology ETF Trading Down 1.8%

The stock has a fifty day simple moving average of $63.37 and a two-hundred day simple moving average of $55.89. The firm has a market cap of $8.92 billion, a PE ratio of -330.53 and a beta of 1.33.

Global X Artificial Intelligence & Technology ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were paid a dividend of $0.0005 per share. The ex-dividend date of this dividend was Monday, June 29th. Global X Artificial Intelligence & Technology ETF’s payout ratio is currently -23.53%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Global X Artificial Intelligence & Technology ETF by 16.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 75,652 shares of the technology ETF’s stock worth $2,752,000 after buying an additional 10,407 shares in the last quarter. Baird Financial Group Inc. grew its position in Global X Artificial Intelligence & Technology ETF by 34.0% during the second quarter. Baird Financial Group Inc. now owns 30,520 shares of the technology ETF’s stock worth $1,333,000 after buying an additional 7,738 shares in the last quarter. Marshall Wace LLP purchased a new position in Global X Artificial Intelligence & Technology ETF during the second quarter worth about $932,000. BNP Paribas Financial Markets increased its stake in Global X Artificial Intelligence & Technology ETF by 15,471.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,163 shares of the technology ETF’s stock worth $313,000 after acquiring an additional 7,117 shares during the last quarter. Finally, WFA of San Diego LLC bought a new position in Global X Artificial Intelligence & Technology ETF in the 2nd quarter worth about $26,000. 27.02% of the stock is owned by institutional investors.

About Global X Artificial Intelligence & Technology ETF

Global X Artificial Intelligence & Technology ETF