TLDR: The Roundhill Generative AI & Technology ETF (CHAT), an actively managed fund focused on generative artificial intelligence, saw its shares trade down by 1.5% on September 24, 2025. This movement comes as the ETF, which launched in May 2023, continues to provide investors exposure to a basket of companies at the forefront of AI innovation.
The Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT), a prominent exchange-traded fund dedicated to the burgeoning field of generative artificial intelligence, experienced a 1.5% decline in its trading value on September 24, 2025. This downturn reflects a notable movement for the actively managed ETF, which aims to capture growth from 25 to 50 global companies deeply involved in generative AI and related technological advancements.
Launched on May 18, 2023, CHAT quickly established itself as the world’s first Generative AI ETF, offering investors a specialized avenue to participate in the AI revolution. The fund’s investment strategy targets companies across various segments of the AI ecosystem, including platforms developing and commercializing large language models, as well as infrastructure providers supplying essential IT hardware and semiconductors tailored for generative AI workflows.
As of September 24, 2025, CHAT’s previous closing price was reported at $61.28. While specific reasons for the 1.5% decline were not immediately detailed, such fluctuations are common in the dynamic technology sector, particularly within high-growth areas like artificial intelligence. The ETF’s market capitalization stands at $380,312,500, with assets under management (AUM) recorded at $488,402,000. Trading activity for CHAT has shown an average daily volume of 388,850 over the last 20 days and 254,744 over 65 days, indicating active investor interest. On the day of the reported decline, the volume reached 593,400 shares.
The fund’s portfolio is diversified across key players in the AI space. Top holdings include technology giants and innovators such as NVIDIA (7.60%), Alphabet (5.49%), Nebius Group (4.45%), Meta Platforms (4.07%), Oracle (3.85%), and Microsoft (3.80%). Other significant holdings feature Alibaba Group Holding Limited (3.77%), Tencent Holdings Limited (3.72%), Astera Labs (3.60%), and Arista Networks (3.29%). These companies represent a broad spectrum of AI development, from chip manufacturing to cloud infrastructure and software platforms.
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CHAT’s 52-week trading range has seen its shares fluctuate between a low of $28.96 and a high of $62.07, underscoring the volatility inherent in this innovative market segment. The ETF operates with a gross expense ratio of 0.75% per year, and options trading is available for investors seeking more complex strategies. The recent trading dip highlights the ongoing market adjustments and investor responses within the rapidly evolving generative AI landscape.
