Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) Trading Down 1.6% – Time to Sell?

Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) shares dropped 1.6% on Thursday . The company traded as low as $35.66 and last traded at $35.81. 723,320 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 930,457 shares. The stock had previously closed at $36.38.

Global X Robotics & Artificial Intelligence ETF Price Performance

The stock has a 50 day moving average price of $36.49 and a 200-day moving average price of $37.09. The stock has a market capitalization of $3.36 billion, a P/E ratio of 27.41 and a beta of 1.47.

Global X Robotics & Artificial Intelligence ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were given a $0.018 dividend. The ex-dividend date was Monday, June 29th.

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

Hedge funds have recently made changes to their positions in the business. Baird Financial Group Inc. raised its holdings in Global X Robotics & Artificial Intelligence ETF by 6.2% in the 2nd quarter. Baird Financial Group Inc. now owns 67,480 shares of the company’s stock worth $2,203,000 after purchasing an additional 3,918 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Global X Robotics & Artificial Intelligence ETF by 26.1% in the second quarter. Ameriprise Financial Inc. now owns 441,085 shares of the company’s stock worth $14,401,000 after purchasing an additional 91,290 shares during the period. Triumph Capital Management bought a new stake in shares of Global X Robotics & Artificial Intelligence ETF during the 3rd quarter valued at $210,000. Farther Finance Advisors LLC boosted its holdings in shares of Global X Robotics & Artificial Intelligence ETF by 3.9% during the 4th quarter. Farther Finance Advisors LLC now owns 22,143 shares of the company’s stock valued at $802,000 after buying an additional 834 shares in the last quarter. Finally, Advantage Trust Co grew its position in shares of Global X Robotics & Artificial Intelligence ETF by 9.7% in the 4th quarter. Advantage Trust Co now owns 10,076 shares of the company’s stock worth $365,000 after buying an additional 888 shares during the period.

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.