Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Sees Large Increase in Short Interest

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 466,655 shares, an increase of 17.2% from the February 12th total of 398,322 shares. Based on an average daily trading volume, of 279,195 shares, the short-interest ratio is currently 1.7 days. Approximately 2.8% of the shares of the company are sold short. Approximately 2.8% of the shares of the company are sold short. Based on an average daily trading volume, of 279,195 shares, the short-interest ratio is currently 1.7 days.

Roundhill Generative AI & Technology ETF Stock Performance

Shares of CHAT opened at $65.05 on Tuesday. The stock has a market capitalization of $1.09 billion, a P/E ratio of 21.50 and a beta of 1.63. Roundhill Generative AI & Technology ETF has a 1 year low of $28.96 and a 1 year high of $68.12. The company’s fifty day moving average is $62.60 and its two-hundred day moving average is $61.54.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Morse Asset Management Inc acquired a new stake in Roundhill Generative AI & Technology ETF in the third quarter valued at about $26,000. Parallel Advisors LLC purchased a new stake in Roundhill Generative AI & Technology ETF in the 3rd quarter valued at approximately $38,000. IFP Advisors Inc increased its position in Roundhill Generative AI & Technology ETF by 29.4% during the 3rd quarter. IFP Advisors Inc now owns 828 shares of the company’s stock worth $51,000 after purchasing an additional 188 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of Roundhill Generative AI & Technology ETF during the 2nd quarter worth approximately $63,000. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Roundhill Generative AI & Technology ETF during the 4th quarter worth approximately $77,000.

About Roundhill Generative AI & Technology ETF

The Roundhill Generative AI & Technology ETF (CHAT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in 25 to 50 companies around the world that are involved in generative artificial intelligence and other related technologies. CHAT was launched on May 18, 2023 and is managed by Roundhill.