Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) Sets New 12-Month High – Here’s Why

Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) shares hit a new 52-week high on Tuesday . The stock traded as high as $41.52 and last traded at $41.31, with a volume of 1057427 shares. The stock had previously closed at $41.45.

Global X Robotics & Artificial Intelligence ETF Stock Performance

The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 27.41 and a beta of 1.46. The company has a 50 day moving average of $36.22 and a 200 day moving average of $36.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AdvisorNet Financial Inc grew its stake in Global X Robotics & Artificial Intelligence ETF by 10.2% during the 1st quarter. AdvisorNet Financial Inc now owns 3,001 shares of the company’s stock worth $100,000 after purchasing an additional 279 shares in the last quarter. Parallel Advisors LLC lifted its stake in Global X Robotics & Artificial Intelligence ETF by 14.1% in the fourth quarter. Parallel Advisors LLC now owns 2,296 shares of the company’s stock worth $83,000 after acquiring an additional 284 shares during the last quarter. Advantage Trust Co lifted its stake in Global X Robotics & Artificial Intelligence ETF by 3.0% in the first quarter. Advantage Trust Co now owns 10,376 shares of the company’s stock worth $345,000 after acquiring an additional 300 shares during the last quarter. Rossby Financial LCC lifted its stake in Global X Robotics & Artificial Intelligence ETF by 63.3% in the fourth quarter. Rossby Financial LCC now owns 1,349 shares of the company’s stock worth $49,000 after acquiring an additional 523 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new position in Global X Robotics & Artificial Intelligence ETF in the third quarter worth approximately $27,000.

About Global X Robotics & Artificial Intelligence ETF

The Global X Robotics & Artificial Intelligence ETF (BOTZ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund provides market- cap selected and weighted exposure to companies involved in the development and production of robots or artificial intelligence. BOTZ was launched on Sep 12, 2016 and is managed by Global X.