Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Sees Large Increase in Short Interest

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 466,655 shares, an increase of 17.2% from the February 12th total of 398,322 shares. Based on an average daily trading volume, of 279,195 shares, the days-to-cover ratio is presently 1.7 days. Approximately 2.8% of the shares of the stock are short sold. Approximately 2.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 279,195 shares, the days-to-cover ratio is presently 1.7 days.

Hedge Funds Weigh In On Roundhill Generative AI & Technology ETF

A number of large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its stake in shares of Roundhill Generative AI & Technology ETF by 14.7% in the fourth quarter. NewEdge Advisors LLC now owns 3,897 shares of the company’s stock valued at $230,000 after purchasing an additional 500 shares during the period. Janney Montgomery Scott LLC grew its position in Roundhill Generative AI & Technology ETF by 41.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 63,098 shares of the company’s stock worth $3,720,000 after buying an additional 18,467 shares during the period. Berbice Capital Management LLC grew its position in 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 buying an additional 5,091 shares during the period. Valeo Financial Advisors LLC increased its holdings in Roundhill Generative AI & Technology ETF by 37.1% in the fourth quarter. Valeo Financial Advisors LLC now owns 11,973 shares of the company’s stock valued at $706,000 after buying an additional 3,237 shares in the last quarter. Finally, Providence First Trust Co acquired a new stake in shares of Roundhill Generative AI & Technology ETF during the 4th quarter valued at approximately $1,202,000.

Roundhill Generative AI & Technology ETF Price Performance

Shares of CHAT stock opened at $65.05 on Tuesday. The business’s fifty day moving average price is $62.60 and its 200 day moving average price is $61.54. The firm has a market capitalization of $1.09 billion, a PE ratio of 21.50 and a beta of 1.63. Roundhill Generative AI & Technology ETF has a 1-year low of $28.96 and a 1-year high of $68.12.

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.