WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Trading Down 0.9% – Here’s What Happened

Shares of WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) traded down 0.9% during trading on Wednesday . The company traded as low as $40.72 and last traded at $41.39. Approximately 1,448,158 shares changed hands during trading, an increase of 565% from the average session volume of 217,683 shares. The stock had previously closed at $41.77.

WisdomTree Artificial Intelligence and Innovation Fund Trading Down 4.7%

The company’s 50 day moving average is $43.42 and its 200-day moving average is $35.60. The company has a market capitalization of $334.54 million, a P/E ratio of 25.61 and a beta of 1.43.

Institutional Investors Weigh In On WisdomTree Artificial Intelligence and Innovation Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sherman Asset Management Inc. boosted its position in shares of WisdomTree Artificial Intelligence and Innovation Fund by 141.7% in the 1st quarter. Sherman Asset Management Inc. now owns 1,675 shares of the company’s stock worth $47,000 after purchasing an additional 982 shares in the last quarter. Team Financial Group LLC purchased a new position in WisdomTree Artificial Intelligence and Innovation Fund during the first quarter valued at $47,000. Harbor Investment Advisory LLC boosted its holdings in WisdomTree Artificial Intelligence and Innovation Fund by 16.5% in the first quarter. Harbor Investment Advisory LLC now owns 3,612 shares of the company’s stock worth $102,000 after acquiring an additional 512 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of WisdomTree Artificial Intelligence and Innovation Fund by 228.7% in the first quarter. Janney Montgomery Scott LLC now owns 65,556 shares of the company’s stock worth $1,851,000 after acquiring an additional 45,611 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 4.1% during the first quarter. AdvisorNet Financial Inc now owns 70,841 shares of the company’s stock valued at $2,000,000 after acquiring an additional 2,776 shares in the last quarter.

About WisdomTree Artificial Intelligence and Innovation Fund

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. WTAI was launched on Dec 9, 2021 and is managed by WisdomTree.