Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Short Interest Down 65.2% in July

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQGet Free Report) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 596,715 shares, a decline of 65.2% from the June 30th total of 1,712,285 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 2,017,525 shares, the short-interest ratio is currently 0.3 days.

Global X Artificial Intelligence & Technology ETF Stock Up 0.6%

Shares of Global X Artificial Intelligence & Technology ETF stock opened at $58.30 on Tuesday. Global X Artificial Intelligence & Technology ETF has a fifty-two week low of $43.19 and a fifty-two week high of $70.26. The firm has a market cap of $9.26 billion, a PE ratio of -342.94 and a beta of 1.33. The business’s fifty day moving average is $63.44 and its two-hundred day moving average is $55.86.

Global X Artificial Intelligence & Technology ETF Dividend Announcement

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

Institutional Trading of Global X Artificial Intelligence & Technology ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AIQ. Valley Wealth Managers Inc. increased its stake in shares of Global X Artificial Intelligence & Technology ETF by 15.0% during the 1st quarter. Valley Wealth Managers Inc. now owns 748,911 shares of the technology ETF’s stock valued at $34,952,000 after acquiring an additional 97,869 shares during the last quarter. Concentrum Wealth Management grew its holdings in Global X Artificial Intelligence & Technology ETF by 985.1% in the fourth quarter. Concentrum Wealth Management now owns 44,914 shares of the technology ETF’s stock valued at $2,284,000 after purchasing an additional 40,775 shares during the period. JPMorgan Chase & Co. grew its holdings in Global X Artificial Intelligence & Technology ETF by 2.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,531,632 shares of the technology ETF’s stock valued at $77,899,000 after purchasing an additional 39,357 shares during the period. Janney Montgomery Scott LLC increased its position in Global X Artificial Intelligence & Technology ETF by 27.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 141,789 shares of the technology ETF’s stock worth $7,211,000 after purchasing an additional 30,723 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Global X Artificial Intelligence & Technology ETF during the second quarter worth approximately $932,000. Hedge funds and other institutional investors own 27.02% of the company’s stock.

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