Short Interest in WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Decreases By 66.9%

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 173,174 shares, a decrease of 66.9% from the July 15th total of 523,477 shares. Based on an average daily trading volume, of 375,063 shares, the short-interest ratio is currently 0.5 days. Approximately 2.0% of the company’s shares are sold short.

Institutional Investors Weigh In On WisdomTree Artificial Intelligence and Innovation Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sherman Asset Management Inc. raised its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 141.7% in the first quarter. Sherman Asset Management Inc. now owns 1,675 shares of the company’s stock valued at $47,000 after purchasing an additional 982 shares during the last quarter. Team Financial Group LLC bought a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund in the 1st quarter valued at about $47,000. Private Trust Co. NA raised its stake in WisdomTree Artificial Intelligence and Innovation Fund by 1,017.9% in the fourth 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 period. Berbice Capital Management LLC bought a new stake in WisdomTree Artificial Intelligence and Innovation Fund in the 4th quarter valued at $51,000. Finally, Farther Finance Advisors LLC raised its position in shares of WisdomTree Artificial Intelligence and Innovation Fund by 62.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,957 shares of the company’s stock valued at $86,000 after purchasing an additional 1,133 shares during the period.

WisdomTree Artificial Intelligence and Innovation Fund Price Performance

Shares of WisdomTree Artificial Intelligence and Innovation Fund stock opened at $43.09 on Friday. The business has a 50-day moving average of $42.52 and a two-hundred day moving average of $36.67. WisdomTree Artificial Intelligence and Innovation Fund has a 1 year low of $24.45 and a 1 year high of $48.89. The company has a market capitalization of $370.57 million, a P/E ratio of 25.61 and a beta of 1.43.

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.