Short Interest in WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Drops By 60.5%

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 186,742 shares, a drop of 60.5% from the August 15th total of 472,452 shares. Currently, 2.2% of the shares of the stock are short sold. Based on an average trading volume of 209,707 shares, the short-interest ratio is currently 0.9 days.

WisdomTree Artificial Intelligence and Innovation Fund Stock Performance

Shares of BATS WTAI opened at $41.82 on Monday. The company has a market cap of $359.65 million, a P/E ratio of 25.61 and a beta of 1.43. The firm’s fifty day moving average is $41.06 and its two-hundred day moving average is $38.30. WisdomTree Artificial Intelligence and Innovation Fund has a 52-week low of $26.55 and a 52-week high of $48.89.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Oarsman Capital Inc. purchased a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund in the second quarter worth about $18,157,000. Ameriprise Financial Inc. increased its stake in WisdomTree Artificial Intelligence and Innovation Fund by 302.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 251,731 shares of the company’s stock worth $7,184,000 after acquiring an additional 189,166 shares during the last quarter. AdvisorNet Financial Inc increased its stake in WisdomTree Artificial Intelligence and Innovation Fund by 4.1% in the 1st quarter. AdvisorNet Financial Inc now owns 70,841 shares of the company’s stock worth $2,000,000 after acquiring an additional 2,776 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 228.7% during the 1st 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 in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 6.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 44,571 shares of the company’s stock worth $1,299,000 after acquiring an additional 2,754 shares in the last quarter.

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. WTAI was launched on Dec 9, 2021 and is managed by WisdomTree.