Short Interest in Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Drops By 65.2%

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 596,715 shares, a drop of 65.2% from the June 30th total of 1,712,285 shares. Based on an average trading volume of 2,017,525 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the shares of the company are short sold.

Global X Artificial Intelligence & Technology ETF Stock Down 0.8%

AIQ stock traded down $0.44 during midday trading on Monday, hitting $57.54. 311,410 shares of the company traded hands, compared to its average volume of 2,213,034. Global X Artificial Intelligence & Technology ETF has a twelve month low of $43.19 and a twelve month high of $70.26. The business has a 50 day simple moving average of $63.48 and a 200-day simple moving average of $55.82. The stock has a market capitalization of $9.14 billion, a price-to-earnings ratio of -338.47 and a beta of 1.33.

Global X Artificial Intelligence & Technology ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were paid a $0.0005 dividend. The ex-dividend date was Monday, June 29th. Global X Artificial Intelligence & Technology ETF’s dividend payout ratio (DPR) is presently -23.53%.

Institutional Trading of Global X Artificial Intelligence & Technology ETF

A number of hedge funds have recently bought and sold shares of the stock. North Star Investment Management Corp. increased its position in shares of Global X Artificial Intelligence & Technology ETF by 19.3% during the first quarter. North Star Investment Management Corp. now owns 1,366 shares of the technology ETF’s stock valued at $64,000 after purchasing an additional 221 shares during the period. Gen Wealth Partners Inc boosted its holdings 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 in the last quarter. Silverleafe Capital Partners LLC grew its stake in shares of Global X Artificial Intelligence & Technology ETF by 0.5% in the 2nd quarter. Silverleafe Capital Partners LLC now owns 64,832 shares of the technology ETF’s stock valued at $4,254,000 after purchasing an additional 302 shares during the period. Vestor Capital LLC raised its holdings in shares of Global X Artificial Intelligence & Technology ETF by 26.3% in the 1st quarter. Vestor Capital LLC now owns 1,500 shares of the technology ETF’s stock worth $70,000 after buying an additional 312 shares in the last quarter. Finally, Beck Capital Management LLC lifted its position in shares of Global X Artificial Intelligence & Technology ETF by 5.5% during the 4th quarter. Beck Capital Management LLC now owns 6,465 shares of the technology ETF’s stock worth $329,000 after buying an additional 335 shares during the period. 27.02% of the stock is owned by institutional investors.

About Global X Artificial Intelligence & Technology ETF

Global X Artificial Intelligence & Technology ETF