Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Sees Strong Trading Volume – Time to Buy?

Shares of Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQGet Free Report) saw an uptick in trading volume on Wednesday . Approximately 3,996,915 shares traded hands during trading, an increase of 79% from the previous session’s volume of 2,232,571 shares.The stock last traded at $56.43 and had previously closed at $57.24.

Global X Artificial Intelligence & Technology ETF Trading Up 4.8%

The company has a market cap of $9.32 billion, a price-to-earnings ratio of -345.24 and a beta of 1.33. The firm has a 50-day moving average price of $63.18 and a 200 day moving average price of $55.96.

Global X Artificial Intelligence & Technology ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were paid 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 (DPR) is -23.53%.

Hedge Funds Weigh In On Global X Artificial Intelligence & Technology ETF

Hedge funds have recently added to or reduced their stakes in the business. Gen Wealth Partners Inc increased its stake in Global X Artificial Intelligence & Technology ETF by 86.1% during the fourth quarter. Gen Wealth Partners Inc now owns 521 shares of the technology ETF’s stock valued at $26,000 after purchasing an additional 241 shares during the last quarter. WFA of San Diego LLC bought a new position in shares of Global X Artificial Intelligence & Technology ETF in the 2nd quarter worth about $26,000. Manning & Napier Advisors LLC bought a new position in shares of Global X Artificial Intelligence & Technology ETF in the 4th quarter worth about $31,000. Vestor Capital LLC bought a new position in shares of Global X Artificial Intelligence & Technology ETF in the 4th quarter worth about $60,000. Finally, North Star Investment Management Corp. boosted its holdings in shares of Global X Artificial Intelligence & Technology ETF by 19.3% in the 1st quarter. North Star Investment Management Corp. now owns 1,366 shares of the technology ETF’s stock valued at $64,000 after buying an additional 221 shares during the period. Institutional investors and hedge funds own 27.02% of the company’s stock.

Global X Artificial Intelligence & Technology ETF Company Profile

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Global X Artificial Intelligence & Technology ETF

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