Short Interest in Global X Future Analytics Tech ETF (NASDAQ:AIQ) Declines By 24.7%

Posted by Scott Moore on Apr 27th, 2024

Global X Future Analytics Tech ETF (NASDAQ:AIQ – Get Free Report) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 556,100 shares, a decline of 24.7% from the March 31st total of 738,400 shares. Based on an average daily volume of 734,400 shares, the days-to-cover ratio is currently 0.8 days.

Global X Future Analytics Tech ETF Stock Performance

AIQ stock opened at $32.65 on Friday. Global X Future Analytics Tech ETF has a one year low of $23.16 and a one year high of $34.52. The company’s fifty day moving average price is $33.35 and its 200-day moving average price is $31.00. The company has a market capitalization of $1.68 billion, a PE ratio of -192.06 and a beta of 1.13.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. JNBA Financial Advisors bought a new position in shares of Global X Future Analytics Tech ETF in the first quarter worth about $98,000. Clear Creek Financial Management LLC grew its holdings in Global X Future Analytics Tech ETF by 433.4% during the 1st quarter. Clear Creek Financial Management LLC now owns 49,438 shares of the technology ETF’s stock worth $1,679,000 after acquiring an additional 40,170 shares in the last quarter. Lindbrook Capital LLC grew its holdings in Global X Future Analytics Tech ETF by 5.7% during the 1st quarter. Lindbrook Capital LLC now owns 10,069 shares of the technology ETF’s stock worth $342,000 after acquiring an additional 545 shares in the last quarter. Ulland Investment Advisors LLC bought a new position in Global X Future Analytics Tech ETF during the 1st quarter worth about $49,000. Finally, Simplex Trading LLC grew its holdings in Global X Future Analytics Tech ETF by 242.4% during the 1st quarter. Simplex Trading LLC now owns 8,549 shares of the technology ETF’s stock worth $290,000 after acquiring an additional 6,052 shares in the last quarter. Institutional investors own 27.02% of the company’s stock.