WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Stock Price Up 0.8% – Should You Buy?

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI)’s stock price rose 0.8% during trading on Thursday . The stock traded as high as $22.78 and last traded at $22.19. Approximately 27,464 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 93,724 shares. The stock had previously closed at $22.02.

WisdomTree Artificial Intelligence and Innovation Fund Stock Performance

The company’s 50-day moving average price is $19.63 and its 200 day moving average price is $21.39. The stock has a market capitalization of $190.83 million, a PE ratio of 24.83 and a beta of 1.40.

Hedge Funds Weigh In On WisdomTree Artificial Intelligence and Innovation Fund

Hedge funds have recently modified their holdings of the stock. Creative Financial Designs Inc. ADV purchased a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund in the fourth quarter worth $29,000. Farther Finance Advisors LLC boosted its position in WisdomTree Artificial Intelligence and Innovation Fund by 3,172.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,800 shares of the company’s stock valued at $35,000 after buying an additional 1,745 shares during the period. Harbor Investment Advisory LLC boosted its position in WisdomTree Artificial Intelligence and Innovation Fund by 67.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 1,619 shares of the company’s stock valued at $36,000 after buying an additional 654 shares during the period. AllSquare Wealth Management LLC increased its position in shares of WisdomTree Artificial Intelligence and Innovation Fund by 16.9% during the fourth quarter. AllSquare Wealth Management LLC now owns 3,388 shares of the company’s stock worth $75,000 after acquiring an additional 490 shares during the period. Finally, Sherman Asset Management Inc. bought a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund during the fourth quarter valued at approximately $199,000.

About WisdomTree Artificial Intelligence and Innovation Fund

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.