Themes Generative Artificial Intelligence ETF (NASDAQ:WISE) Sees Large Growth in Short Interest

Themes Generative Artificial Intelligence ETF (NASDAQ:WISE) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 17,227 shares, a growth of 20,408.3% from the May 14th total of 84 shares. Based on an average daily volume of 12,593 shares, the short-interest ratio is currently 1.4 days. Approximately 2.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Welch Financial Planning LLC purchased a new stake in Themes Generative Artificial Intelligence ETF in the 4th quarter worth approximately $899,000. NewEdge Advisors LLC lifted its holdings in Themes Generative Artificial Intelligence ETF by 91.5% during the fourth quarter. NewEdge Advisors LLC now owns 20,136 shares of the company’s stock valued at $785,000 after purchasing an additional 9,623 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Themes Generative Artificial Intelligence ETF in the fourth quarter worth approximately $629,000. Commonwealth Equity Services LLC boosted its position in shares of Themes Generative Artificial Intelligence ETF by 15.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,410 shares of the company’s stock worth $445,000 after purchasing an additional 1,535 shares during the period. Finally, JT Stratford LLC increased its stake in shares of Themes Generative Artificial Intelligence ETF by 75.7% in the fourth quarter. JT Stratford LLC now owns 15,865 shares of the company’s stock worth $618,000 after purchasing an additional 6,835 shares in the last quarter.

Themes Generative Artificial Intelligence ETF Stock Performance

Shares of Themes Generative Artificial Intelligence ETF stock traded down $1.38 on Tuesday, hitting $39.39. 6,002 shares of the company’s stock were exchanged, compared to its average volume of 8,384. The company has a 50-day simple moving average of $37.98 and a 200-day simple moving average of $37.99. The stock has a market capitalization of $32.69 million, a PE ratio of 36.64 and a beta of 1.79. Themes Generative Artificial Intelligence ETF has a 1 year low of $30.00 and a 1 year high of $48.91.

Themes Generative Artificial Intelligence ETF Company Profile

The Themes Generative Artificial Intelligence ETF (WISE) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund seeks to track a concentrated index of stocks from developed markets that derive their revenues from artificial intelligence related industries. Stocks are weighted based on their relevance to the investment theme WISE was launched on Dec 8, 2023 and is issued by Themes.