Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Stock Short Interest Jumps 133.2%

by · The Markets Daily

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT – Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 483,681 shares, an increase of 133.2% from the August 31st total of 207,445 shares. Approximately 2.4% of the company’s stock are short sold. Based on an average trading volume of 265,095 shares, the short-interest ratio is currently 1.8 days.

Roundhill Generative AI & Technology ETF Stock Performance

Shares of NYSEARCA CHAT traded up $0.72 during midday trading on Friday, hitting $92.98. 162,916 shares of the stock traded hands, compared to its average volume of 489,821. Roundhill Generative AI & Technology ETF has a one year low of $55.52 and a one year high of $105.20. The business has a 50 day moving average price of $87.74 and a two-hundred day moving average price of $84.20. The company has a market cap of $1.92 billion, a PE ratio of 21.50 and a beta of 1.91.

Institutional Trading of Roundhill Generative AI & Technology ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC lifted its stake in shares of 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 valued at $4,493,000 after buying an additional 9,552 shares in the last quarter. Noble Wealth Management PBC grew its holdings 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 buying an additional 1,955 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC increased its position in shares of Roundhill Generative AI & Technology ETF by 27.0% during the second quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 4,700 shares of the company’s stock worth $464,000 after acquiring an additional 1,000 shares in the last quarter. Gill Capital Partners LLC increased its position in shares of Roundhill Generative AI & Technology ETF by 47.9% during the second quarter. Gill Capital Partners LLC now owns 4,232 shares of the company’s stock worth $418,000 after acquiring an additional 1,371 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Roundhill Generative AI & Technology ETF by 26.9% in the 2nd quarter. NewEdge Advisors LLC now owns 3,666 shares of the company’s stock worth $362,000 after acquiring an additional 777 shares during the last quarter.

About Roundhill Generative AI & Technology ETF

(Get Free Report)

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.

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