ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) Shares Cross Above 200-Day Moving Average – Should You Sell?

ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ)’s share price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $79.85 and traded as high as $83.61. ROBO Global Artificial Intelligence ETF shares last traded at $82.88, with a volume of 41,026 shares changing hands.

ROBO Global Artificial Intelligence ETF Trading Up 3.2%

The firm has a market capitalization of $444.57 million, a P/E ratio of 39.78 and a beta of 1.52. The company has a 50 day simple moving average of $91.27 and a two-hundred day simple moving average of $80.03.

Hedge Funds Weigh In On ROBO Global Artificial Intelligence ETF

An institutional investor recently raised its stake in ROBO Global Artificial Intelligence ETF stock. Valley Wealth Managers Inc. grew its position in shares of ROBO Global Artificial Intelligence ETF (NYSEARCA:THNQ) by 20.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 22,048 shares of the company’s stock after acquiring an additional 3,736 shares during the quarter. Valley Wealth Managers Inc. owned about 0.43% of ROBO Global Artificial Intelligence ETF worth $2,142,000 at the end of the most recent reporting period.

ROBO Global Artificial Intelligence ETF Company Profile

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.