Global X Future Analytics Tech ETF (NASDAQ:AIQ) Sees Significant Decrease in Short Interest

Posted by Defense World Staff on Nov 28th, 2024

Global X Future Analytics Tech ETF (NASDAQ:AIQ – Get Free Report) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 259,200 shares, a drop of 66.7% from the October 31st total of 777,700 shares. Based on an average trading volume of 314,300 shares, the days-to-cover ratio is presently 0.8 days.

Global X Future Analytics Tech ETF Stock Down 0.9 %

Global X Future Analytics Tech ETF stock opened at $38.58 on Thursday. The firm has a fifty day simple moving average of $37.56 and a two-hundred day simple moving average of $35.80. Global X Future Analytics Tech ETF has a twelve month low of $29.32 and a twelve month high of $39.17. The company has a market capitalization of $2.34 billion, a PE ratio of -228.94 and a beta of 1.13.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new position in shares of Global X Future Analytics Tech ETF in the second quarter worth $205,000. Bleakley Financial Group LLC increased its position in shares of Global X Future Analytics Tech ETF by 69.9% in the third quarter. Bleakley Financial Group LLC now owns 13,477 shares of the technology ETF’s stock valued at $501,000 after acquiring an additional 5,544 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Global X Future Analytics Tech ETF during the third quarter valued at about $1,889,000. Raymond James & Associates raised its stake in shares of Global X Future Analytics Tech ETF by 52.2% during the third quarter. Raymond James & Associates now owns 314,754 shares of the technology ETF’s stock valued at $11,699,000 after acquiring an additional 107,990 shares during the last quarter. Finally, RFG Advisory LLC purchased a new stake in shares of Global X Future Analytics Tech ETF during the second quarter worth about $361,000. Hedge funds and other institutional investors own 27.02% of the company’s stock.