Global X Future Analytics Tech ETF (NASDAQ:AIQ) Short Interest Up 73.9% in December

Global X Future Analytics Tech ETF (NASDAQ:AIQ) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 874,100 shares, a growth of 73.9% from the December 15th total of 502,700 shares. Based on an average trading volume of 411,200 shares, the short-interest ratio is currently 2.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in shares of Global X Future Analytics Tech ETF by 118.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 579,410 shares of the technology ETF’s stock worth $20,644,000 after purchasing an additional 313,914 shares during the period. Renaissance Technologies LLC purchased a new position in Global X Future Analytics Tech ETF in the second quarter valued at approximately $365,000. Perennial Investment Advisors LLC raised its holdings in Global X Future Analytics Tech ETF by 43.2% in the second quarter. Perennial Investment Advisors LLC now owns 34,672 shares of the technology ETF’s stock valued at $1,235,000 after buying an additional 10,452 shares during the period. Axxcess Wealth Management LLC lifted its position in Global X Future Analytics Tech ETF by 22.8% during the second quarter. Axxcess Wealth Management LLC now owns 24,830 shares of the technology ETF’s stock valued at $885,000 after buying an additional 4,607 shares in the last quarter. Finally, L & S Advisors Inc acquired a new stake in shares of Global X Future Analytics Tech ETF in the second quarter worth $326,000. Institutional investors and hedge funds own 27.02% of the company’s stock.

Global X Future Analytics Tech ETF Stock Performance

Shares of AIQ stock opened at $38.97 on Thursday. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of -229.24 and a beta of 1.13. Global X Future Analytics Tech ETF has a one year low of $30.01 and a one year high of $40.65. The company has a 50 day moving average price of $39.08 and a 200 day moving average price of $36.94.

Global X Future Analytics Tech ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were given a $0.0109 dividend. The ex-dividend date was Monday, December 30th. Global X Future Analytics Tech ETF’s dividend payout ratio (DPR) is currently -29.41%.

Global X Future Analytics Tech ETF Company Profile

Global X Artificial Intelligence & Technology ETF