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

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 472,452 shares, a growth of 172.8% from the July 30th total of 173,174 shares. Based on an average trading volume of 260,373 shares, the days-to-cover ratio is presently 1.8 days. Currently, 5.5% of the company’s shares are short sold.

WisdomTree Artificial Intelligence and Innovation Fund Trading Down 2.6%

WTAI stock opened at $40.64 on Friday. The stock has a 50-day moving average price of $41.83 and a two-hundred day moving average price of $37.45. WisdomTree Artificial Intelligence and Innovation Fund has a 12-month low of $25.15 and a 12-month high of $48.89. The company has a market cap of $349.50 million, a PE ratio of 25.61 and a beta of 1.43.

Hedge Funds Weigh In On WisdomTree Artificial Intelligence and Innovation Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. First PREMIER Bank purchased a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund during the 2nd quarter worth about $723,000. Oarsman Capital Inc. purchased a new position in WisdomTree Artificial Intelligence and Innovation Fund in the second quarter valued at approximately $18,157,000. Harbor Investment Advisory LLC lifted its position 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 valued at $191,000 after buying an additional 411 shares in the last quarter. Sherman Asset Management Inc. lifted its position in WisdomTree Artificial Intelligence and Innovation Fund by 141.7% during the first quarter. Sherman Asset Management Inc. now owns 1,675 shares of the company’s stock valued at $47,000 after buying an additional 982 shares in the last quarter. Finally, Team Financial Group LLC purchased a new stake in WisdomTree Artificial Intelligence and Innovation Fund during the first quarter worth approximately $47,000.

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.