Themes Generative Artificial Intelligence ETF (NASDAQ:WISE) Trading 2.4% Higher – Still a Buy?

Shares of Themes Generative Artificial Intelligence ETF (NASDAQ:WISE) were up 2.4% on Tuesday . The stock traded as high as $34.96 and last traded at $34.87. 2,643 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 8,611 shares. The stock had previously closed at $34.05.

Themes Generative Artificial Intelligence ETF Stock Performance

The stock has a 50-day simple moving average of $38.84 and a 200 day simple moving average of $37.32. The stock has a market capitalization of $26.78 million, a P/E ratio of 36.64 and a beta of 1.86.

Hedge Funds Weigh In On Themes Generative Artificial Intelligence ETF

Several hedge funds have recently added to or reduced their stakes in WISE. Private Advisor Group LLC boosted its stake in shares of Themes Generative Artificial Intelligence ETF by 10.9% in the 3rd quarter. Private Advisor Group LLC now owns 8,130 shares of the company’s stock valued at $356,000 after purchasing an additional 800 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Themes Generative Artificial Intelligence ETF by 11.8% during the first quarter. NewEdge Advisors LLC now owns 10,833 shares of the company’s stock worth $333,000 after buying an additional 1,142 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in 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 valued at $445,000 after buying an additional 1,535 shares during the period. U.S. Capital Wealth Advisors LLC lifted its holdings in Themes Generative Artificial Intelligence ETF by 11.4% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 29,465 shares of the company’s stock valued at $1,148,000 after buying an additional 3,025 shares during the period. Finally, Stratos Wealth Advisors LLC lifted its holdings in Themes Generative Artificial Intelligence ETF by 11.1% in the fourth quarter. Stratos Wealth Advisors LLC now owns 36,445 shares of the company’s stock valued at $1,420,000 after buying an additional 3,633 shares during the period.

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.