WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI – Get Free Report) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 173,174 shares, a drop of 66.9% from the July 15th total of 523,477 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average trading volume of 375,063 shares, the days-to-cover ratio is currently 0.5 days.
WisdomTree Artificial Intelligence and Innovation Fund Trading Down 0.5%
Shares of WisdomTree Artificial Intelligence and Innovation Fund stock opened at $43.09 on Friday. The business’s fifty day simple moving average is $42.52 and its 200 day simple moving average is $36.67. WisdomTree Artificial Intelligence and Innovation Fund has a 12 month low of $24.45 and a 12 month high of $48.89. The firm has a market capitalization of $370.57 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 have recently made changes to their positions in WTAI. Flow Traders U.S. LLC purchased a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund in the 3rd quarter worth about $647,000. Ameriprise Financial Inc. increased its holdings in WisdomTree Artificial Intelligence and Innovation Fund by 383.6% during the second quarter. Ameriprise Financial Inc. now owns 62,565 shares of the company’s stock worth $1,537,000 after buying an additional 49,627 shares during the last quarter. Harbor Investment Advisory LLC increased its holdings in WisdomTree Artificial Intelligence and Innovation Fund by 11.4% during the second quarter. Harbor Investment Advisory LLC now owns 4,023 shares of the company’s stock worth $191,000 after buying an additional 411 shares during the last quarter. Sherman Asset Management Inc. raised its position in WisdomTree Artificial Intelligence and Innovation Fund by 141.7% in the first quarter. Sherman Asset Management Inc. now owns 1,675 shares of the company’s stock worth $47,000 after acquiring an additional 982 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in 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 period.
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.
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