WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Trading Up 3% – What’s Next?

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI)’s share price traded up 3% during trading on Friday . The company traded as high as $22.78 and last traded at $22.68. 27,464 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 87,173 shares. The stock had previously closed at $22.02.

WisdomTree Artificial Intelligence and Innovation Fund Stock Performance

The business’s 50 day moving average is $20.71 and its 200 day moving average is $21.51. The stock has a market cap of $195.06 million, a price-to-earnings ratio of 27.13 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 added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV acquired a new position in WisdomTree Artificial Intelligence and Innovation Fund in the 4th quarter worth approximately $29,000. Farther Finance Advisors LLC boosted its stake in WisdomTree Artificial Intelligence and Innovation Fund by 3,172.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,800 shares of the company’s stock worth $35,000 after purchasing an additional 1,745 shares during the period. AllSquare Wealth Management LLC boosted its stake in WisdomTree Artificial Intelligence and Innovation Fund by 16.9% in the 4th quarter. AllSquare Wealth Management LLC now owns 3,388 shares of the company’s stock worth $75,000 after purchasing an additional 490 shares during the period. Sherman Asset Management Inc. acquired a new position in WisdomTree Artificial Intelligence and Innovation Fund in the 4th quarter worth approximately $199,000. Finally, Ameriprise Financial Inc. acquired a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund during the 4th quarter valued at $251,000.

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.