WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Trading 39.2% Higher – Still a Buy?

Shares of WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) traded up 39.2% on Wednesday . The stock traded as high as $22.7799 and last traded at $30.6420. 27,464 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 73,759 shares. The stock had previously closed at $22.02.

WisdomTree Artificial Intelligence and Innovation Fund Price Performance

The company has a 50 day moving average of $30.03 and a two-hundred day moving average of $26.90. The company has a market capitalization of $263.52 million, a PE ratio of 25.61 and a beta of 1.43.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. AdvisorNet Financial Inc boosted its stake in WisdomTree Artificial Intelligence and Innovation Fund by 0.6% during the third quarter. AdvisorNet Financial Inc now owns 71,609 shares of the company’s stock worth $2,045,000 after acquiring an additional 395 shares in the last quarter. First Command Advisory Services Inc. lifted its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 196.1% during the third quarter. First Command Advisory Services Inc. now owns 5,921 shares of the company’s stock valued at $169,000 after purchasing an additional 3,921 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund in the 2nd quarter worth approximately $226,000. Creative Financial Designs Inc. ADV grew its stake in shares of WisdomTree Artificial Intelligence and Innovation Fund by 79.5% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 23,594 shares of the company’s stock worth $579,000 after buying an additional 10,452 shares during the last quarter. Finally, Cary Street Partners Financial LLC bought a new position in WisdomTree Artificial Intelligence and Innovation Fund during the 2nd quarter valued at approximately $307,000.

WisdomTree Artificial Intelligence and Innovation Fund Company Profile

The WisdomTree Artificial Intelligence and Innovation Fund (WTAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an equally-weighted index of globally-listed stocks whose businesses are derived from artificial intelligence and innovation. Selection and weighting are overseen by a committee.