Short Interest in Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Declines By 32.6%

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ - Get Rating) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totalling 15,500 shares, a drop of 32.6% from the June 15th total of 23,000 shares. Based on an average trading volume of 37,500 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Financial Engines Advisors L.L.C. bought a new position in shares of Global X Artificial Intelligence & Technology ETF in the 4th quarter valued at about $275,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Global X Artificial Intelligence & Technology ETF by 25.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 40,905 shares of the technology ETF's stock valued at $1,301,000 after purchasing an additional 8,285 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Global X Artificial Intelligence & Technology ETF by 9.4% in the 1st quarter. Daiwa Securities Group Inc. now owns 1,163,079 shares of the technology ETF's stock valued at $31,415,000 after purchasing an additional 100,000 shares during the last quarter. Institutional investors own 27.02% of the company's stock.

Global X Artificial Intelligence & Technology ETF Stock Performance

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AIQ opened at $21.08 on Friday. Global X Artificial Intelligence & Technology ETF has a 1-year low of $20.27 and a 1-year high of $33.45. The firm has a 50-day moving average price of $21.63 and a two-hundred day moving average price of $25.06.

Global X Artificial Intelligence & Technology ETF Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Friday, July 8th. Stockholders of record on Thursday, June 30th were paid a $0.056 dividend. The ex-dividend date was Wednesday, June 29th. This is a positive change from Global X Artificial Intelligence & Technology ETF's previous Semi-Annual dividend of $0.01.

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