Global X Future Analytics Tech ETF (NASDAQ:AIQ) Sees Unusually-High Trading Volume – Here’s Why

Shares of Global X Future Analytics Tech ETF (NASDAQ:AIQ) saw unusually-strong trading volume on Friday . Approximately 1,735,189 shares were traded during mid-day trading, an increase of 218% from the previous session’s volume of 545,608 shares.The stock last traded at $36.76 and had previously closed at $37.62.

Global X Future Analytics Tech ETF Price Performance

The firm has a market cap of $2.94 billion, a PE ratio of -214.52 and a beta of 1.13. The company has a 50 day simple moving average of $39.70 and a 200-day simple moving average of $38.61.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AIQ. JPMorgan Chase & Co. boosted its holdings in Global X Future Analytics Tech ETF by 25.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 981,965 shares of the technology ETF’s stock valued at $36,500,000 after acquiring an additional 197,191 shares during the period. FMR LLC boosted its holdings in shares of Global X Future Analytics Tech ETF by 31.6% during the third quarter. FMR LLC now owns 7,225 shares of the technology ETF’s stock worth $269,000 after purchasing an additional 1,734 shares during the period. Mutual Advisors LLC grew its position in shares of Global X Future Analytics Tech ETF by 4.9% in the 4th quarter. Mutual Advisors LLC now owns 7,230 shares of the technology ETF’s stock worth $281,000 after buying an additional 340 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Global X Future Analytics Tech ETF by 29.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 65,746 shares of the technology ETF’s stock valued at $2,540,000 after acquiring an additional 14,917 shares in the last quarter. Finally, Choreo LLC purchased a new position in Global X Future Analytics Tech ETF during the 4th quarter valued at $203,000. 27.02% of the stock is owned by institutional investors.

About Global X Future Analytics Tech ETF

Global X Artificial Intelligence & Technology ETF