Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Shares Up 2.2% – Should You Buy?

Shares of Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) rose 2.2% on Wednesday . The company traded as high as $41.70 and last traded at $41.59. Approximately 42,129 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 69,303 shares. The stock had previously closed at $40.68.

Roundhill Generative AI & Technology ETF Stock Performance

The company has a market cap of $174.58 million, a price-to-earnings ratio of 37.73 and a beta of 1.77. The firm’s 50 day simple moving average is $40.92 and its 200-day simple moving average is $38.07.

Institutional Trading of Roundhill Generative AI & Technology ETF

An institutional investor recently bought a new position in Roundhill Generative AI & Technology ETF stock. Flow Traders U.S. LLC purchased a new position in shares of Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 25,421 shares of the company’s stock, valued at approximately $951,000. Flow Traders U.S. LLC owned 0.62% of Roundhill Generative AI & Technology ETF as of its most recent SEC filing.

Roundhill Generative AI & Technology ETF Company Profile

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.