WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Shares Down 0.9% – What’s Next?

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI)’s share price fell 0.9% during mid-day trading on Wednesday . The company traded as low as $40.72 and last traded at $41.39. 1,448,158 shares were traded during mid-day trading, an increase of 565% from the average session volume of 217,683 shares. The stock had previously closed at $41.77.

WisdomTree Artificial Intelligence and Innovation Fund Stock Performance

The firm has a market cap of $355.95 million, a price-to-earnings ratio of 25.61 and a beta of 1.43. The business has a fifty day moving average of $43.43 and a two-hundred day moving average of $35.52.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WTAI. Harbor Investment Advisory LLC raised its stake in shares of WisdomTree Artificial Intelligence and Innovation Fund by 11.4% during the 2nd quarter. Harbor Investment Advisory LLC now owns 4,023 shares of the company’s stock worth $191,000 after buying an additional 411 shares during the last quarter. Sherman Asset Management Inc. increased its holdings in WisdomTree Artificial Intelligence and Innovation Fund by 141.7% during the 1st quarter. Sherman Asset Management Inc. now owns 1,675 shares of the company’s stock valued at $47,000 after acquiring an additional 982 shares in the last quarter. Team Financial Group LLC purchased a new position in WisdomTree Artificial Intelligence and Innovation Fund during the 1st quarter valued at about $47,000. Janney Montgomery Scott LLC raised its position in WisdomTree Artificial Intelligence and Innovation Fund by 228.7% during the first quarter. Janney Montgomery Scott LLC now owns 65,556 shares of the company’s stock worth $1,851,000 after acquiring an additional 45,611 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 4.1% in the first quarter. AdvisorNet Financial Inc now owns 70,841 shares of the company’s stock valued at $2,000,000 after purchasing an additional 2,776 shares in the last quarter.

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.