Themes Generative Artificial Intelligence ETF (NASDAQ:WISE) Stock Price Up 1.3% – Still a Buy?

Themes Generative Artificial Intelligence ETF (NASDAQ:WISE)’s share price traded up 1.3% on Tuesday . The stock traded as high as $33.90 and last traded at $33.81. 3,211 shares were traded during mid-day trading, a decline of 53% from the average session volume of 6,873 shares. The stock had previously closed at $33.36.

Themes Generative Artificial Intelligence ETF Stock Performance

The business’s 50 day simple moving average is $36.94 and its 200-day simple moving average is $40.59. The company has a market cap of $32.46 million, a price-to-earnings ratio of 36.64 and a beta of 1.62.

Institutional Trading of Themes Generative Artificial Intelligence ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Traub Capital Management LLC purchased a new position in Themes Generative Artificial Intelligence ETF in the second quarter valued at about $36,000. ORG Partners LLC raised its stake in shares of Themes Generative Artificial Intelligence ETF by 56.1% during the 3rd quarter. ORG Partners LLC now owns 3,200 shares of the company’s stock worth $140,000 after purchasing an additional 1,150 shares in the last quarter. J. Safra Sarasin Holding AG purchased a new stake in shares of Themes Generative Artificial Intelligence ETF during the 4th quarter worth about $203,000. Thryve Wealth Management LLC acquired a new stake in shares of Themes Generative Artificial Intelligence ETF during the 4th quarter valued at about $286,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of Themes Generative Artificial Intelligence ETF by 11.8% during the 1st quarter. NewEdge Advisors LLC now owns 10,833 shares of the company’s stock valued at $333,000 after buying an additional 1,142 shares during the last quarter.

About Themes Generative Artificial Intelligence ETF

The Themes Generative Artificial Intelligence ETF (WISE) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund seeks to track a concentrated index of stocks from developed markets that derive their revenues from artificial intelligence related industries. Stocks are weighted based on their relevance to the investment theme WISE was launched on Dec 8, 2023 and is issued by Themes.