WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Stock Price Up 42.8% – Here’s What Happened

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI)’s share price shot up 42.8% on Monday . The stock traded as high as $22.78 and last traded at $31.44. 27,464 shares traded hands during trading, a decline of 63% from the average session volume of 73,759 shares. The stock had previously closed at $22.02.

WisdomTree Artificial Intelligence and Innovation Fund Stock Performance

The firm’s 50-day moving average is $28.12 and its two-hundred day moving average is $24.66. The stock has a market cap of $270.34 million, a P/E ratio of 25.61 and a beta of 1.43.

Hedge Funds Weigh In On WisdomTree Artificial Intelligence and Innovation Fund

Large investors have recently modified their holdings of the company. Western Wealth Management LLC purchased a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund during the second quarter valued at approximately $226,000. Cary Street Partners Financial LLC bought a new position in WisdomTree Artificial Intelligence and Innovation Fund in the 2nd quarter valued at $307,000. Janney Montgomery Scott LLC grew its stake in WisdomTree Artificial Intelligence and Innovation Fund by 7.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 19,290 shares of the company’s stock valued at $367,000 after purchasing an additional 1,417 shares during the period. Creative Financial Designs Inc. ADV grew its stake in WisdomTree Artificial Intelligence and Innovation Fund by 79.5% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 23,594 shares of the company’s stock valued at $579,000 after purchasing an additional 10,452 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in WisdomTree Artificial Intelligence and Innovation Fund by 383.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 62,565 shares of the company’s stock valued at $1,537,000 after purchasing an additional 49,627 shares during the period.

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.