WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Short Interest Update

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 523,477 shares, an increase of 190.8% from the June 30th total of 180,003 shares. Currently, 6.1% of the company’s stock are sold short. Based on an average trading volume of 485,097 shares, the short-interest ratio is presently 1.1 days.

WisdomTree Artificial Intelligence and Innovation Fund Stock Performance

Shares of WisdomTree Artificial Intelligence and Innovation Fund stock traded down $0.71 during trading on Monday, reaching $38.19. The company had a trading volume of 46,380 shares, compared to its average volume of 215,075. WisdomTree Artificial Intelligence and Innovation Fund has a fifty-two week low of $24.40 and a fifty-two week high of $48.89. The firm’s fifty day moving average is $43.39 and its 200-day moving average is $35.66. The company has a market cap of $328.43 million, a price-to-earnings ratio of 25.61 and a beta of 1.43.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 302.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 251,731 shares of the company’s stock valued at $7,184,000 after acquiring an additional 189,166 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in WisdomTree Artificial Intelligence and Innovation Fund by 4.1% in the first quarter. AdvisorNet Financial Inc now owns 70,841 shares of the company’s stock worth $2,000,000 after purchasing an additional 2,776 shares during the period. Janney Montgomery Scott LLC increased its stake in WisdomTree Artificial Intelligence and Innovation Fund by 228.7% during the first quarter. Janney Montgomery Scott LLC now owns 65,556 shares of the company’s stock valued at $1,851,000 after purchasing an additional 45,611 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 6.6% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 44,571 shares of the company’s stock worth $1,299,000 after purchasing an additional 2,754 shares during the period. Finally, Flow Traders U.S. LLC bought a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund in the 3rd quarter worth about $647,000.

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