WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Sees Large Growth in Short Interest

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 523,477 shares, a growth of 190.8% from the June 30th total of 180,003 shares. Based on an average daily volume of 485,097 shares, the days-to-cover ratio is presently 1.1 days. Currently, 6.1% of the company’s stock are sold short.

WisdomTree Artificial Intelligence and Innovation Fund Trading Down 1.8%

Shares of WTAI traded down $0.71 during midday trading on Monday, reaching $38.19. 46,380 shares of the company were exchanged, compared to its average volume of 215,075. WisdomTree Artificial Intelligence and Innovation Fund has a 1-year low of $24.40 and a 1-year high of $48.89. The stock has a 50-day moving average price of $43.39 and a 200-day moving average price of $35.66. The company has a market cap of $328.43 million, a price-to-earnings ratio of 25.61 and a beta of 1.43.

Institutional Trading of WisdomTree Artificial Intelligence and Innovation Fund

Several large investors have recently bought and sold shares of the company. Sherman Asset Management Inc. lifted its position in shares of 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 worth $47,000 after purchasing an additional 982 shares in the last quarter. Team Financial Group LLC acquired a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund in the 1st quarter valued at approximately $47,000. Private Trust Co. NA boosted its stake in shares of WisdomTree Artificial Intelligence and Innovation Fund by 1,017.9% during the 4th quarter. Private Trust Co. NA now owns 1,621 shares of the company’s stock valued at $47,000 after buying an additional 1,476 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund during the fourth quarter worth approximately $51,000. Finally, Farther Finance Advisors LLC grew its position in shares of WisdomTree Artificial Intelligence and Innovation Fund by 62.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,957 shares of the company’s stock worth $86,000 after buying an additional 1,133 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.