Themes Generative Artificial Intelligence ETF (NASDAQ:WISE) Shares Up 2.4% – Should You Buy?

Themes Generative Artificial Intelligence ETF (NASDAQ:WISE)’s share price rose 2.4% during mid-day trading on Tuesday . The stock traded as high as $34.96 and last traded at $34.87. 2,643 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 8,611 shares. The stock had previously closed at $34.05.

Themes Generative Artificial Intelligence ETF Stock Up 2.4%

The firm has a market cap of $27.55 million, a price-to-earnings ratio of 36.64 and a beta of 1.86. The stock’s 50 day moving average is $38.95 and its 200 day moving average is $37.35.

Hedge Funds Weigh In On Themes Generative Artificial Intelligence ETF

Several hedge funds have recently modified their holdings of the company. Citadel Advisors LLC bought a new stake in shares of Themes Generative Artificial Intelligence ETF in the 3rd quarter worth $2,459,000. Jane Street Group LLC bought a new position in Themes Generative Artificial Intelligence ETF during the first quarter valued at about $959,000. Welch Financial Planning LLC acquired a new position in Themes Generative Artificial Intelligence ETF during the fourth quarter worth about $899,000. NewEdge Advisors LLC grew its holdings in Themes Generative Artificial Intelligence ETF by 91.5% during the fourth quarter. NewEdge Advisors LLC now owns 20,136 shares of the company’s stock worth $785,000 after acquiring an additional 9,623 shares during the period. Finally, Thryve Wealth Management LLC acquired a new position in Themes Generative Artificial Intelligence ETF during the fourth quarter worth about $286,000.

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.