ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Trading Up 1.2% – Here’s What Happened

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ)’s stock price was up 1.2% on Wednesday . The company traded as high as $61.99 and last traded at $61.73. Approximately 8,796 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 16,409 shares. The stock had previously closed at $61.00.

ROBO Global Artificial Intelligence ETF Trading Down 2.4%

The stock has a market cap of $275.30 million, a price-to-earnings ratio of 39.78 and a beta of 1.33. The company has a fifty day simple moving average of $64.13 and a 200-day simple moving average of $63.91.

ROBO Global Artificial Intelligence ETF Announces Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were issued a dividend of $0.13 per share. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 20.0%.

Hedge Funds Weigh In On ROBO Global Artificial Intelligence ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in THNQ. Basepoint Wealth LLC acquired a new stake in ROBO Global Artificial Intelligence ETF during the 4th quarter valued at $38,000. GPS Wealth Strategies Group LLC acquired a new stake in shares of ROBO Global Artificial Intelligence ETF in the third quarter worth $92,000. NewEdge Advisors LLC purchased a new position in shares of ROBO Global Artificial Intelligence ETF during the third quarter valued at $159,000. Arkadios Wealth Advisors acquired a new position in ROBO Global Artificial Intelligence ETF during the second quarter valued at $213,000. Finally, Janney Montgomery Scott LLC acquired a new position in ROBO Global Artificial Intelligence ETF during the fourth quarter valued at $281,000.

About ROBO Global Artificial Intelligence ETF

The Robo Global Artificial Intelligence ETF (THNQ) is an exchange-traded fund that is based on the ROBO Global Artificial Intelligence index. The fund tracks a global index of companies involved in developing the technology and the infrastructure of enabling artificial intelligence. THNQ was launched on May 11, 2020 and is managed by ROBO Global.