Themes Generative Artificial Intelligence ETF (NASDAQ:WISE) Short Interest Up 20,408.3% in May

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC bought a new stake in Themes Generative Artificial Intelligence ETF in the 3rd quarter worth approximately $2,459,000. Jane Street Group LLC bought a new position in shares of Themes Generative Artificial Intelligence ETF during the 1st quarter valued at $959,000. Welch Financial Planning LLC purchased a new position in shares of Themes Generative Artificial Intelligence ETF in the 4th quarter worth $899,000. NewEdge Advisors LLC boosted its stake in shares of Themes Generative Artificial Intelligence ETF by 91.5% in the 4th quarter. NewEdge Advisors LLC now owns 20,136 shares of the company’s stock worth $785,000 after buying an additional 9,623 shares during the last quarter. Finally, JT Stratford LLC bought a new stake in shares of Themes Generative Artificial Intelligence ETF in the third quarter worth $395,000.

Themes Generative Artificial Intelligence ETF Price Performance

Shares of Themes Generative Artificial Intelligence ETF stock traded down $1.38 during trading on Tuesday, hitting $39.39. 6,002 shares of the company’s stock traded hands, compared to its average volume of 8,384. Themes Generative Artificial Intelligence ETF has a 1 year low of $30.00 and a 1 year high of $48.91. The business 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 P/E ratio of 36.64 and a beta of 1.79.

About Themes Generative Artificial Intelligence ETF

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.