WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Shares Shorted: Short Interest Down 34.3% in October

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 64,758 shares, a decline of 34.3% from the September 30th total of 98,517 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 326,471 shares, the short-interest ratio is presently 0.2 days.

WisdomTree Artificial Intelligence and Innovation Fund Stock Performance

Shares of BATS:WTAI opened at $35.03 on Tuesday. The company’s 50-day moving average is $41.23 and its 200 day moving average is $37.67. The company has a market capitalization of $301.26 million, a P/E ratio of 25.61 and a beta of 1.43. WisdomTree Artificial Intelligence and Innovation Fund has a fifty-two week low of $26.55 and a fifty-two week high of $48.89.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First PREMIER Bank bought a new stake in WisdomTree Artificial Intelligence and Innovation Fund in the 2nd quarter valued at about $723,000. Oarsman Capital Inc. purchased a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund in the second quarter worth about $18,157,000. Harbor Investment Advisory LLC increased its stake in shares of WisdomTree Artificial Intelligence and Innovation Fund by 11.4% in the second quarter. Harbor Investment Advisory LLC now owns 4,023 shares of the company’s stock worth $191,000 after purchasing an additional 411 shares in the last quarter. Sherman Asset Management Inc. raised its position 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 period. Finally, Team Financial Group LLC bought a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund in the first quarter valued at approximately $47,000.

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.