WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Short Interest Down 60.5% in August

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 186,742 shares, a decline of 60.5% from the August 15th total of 472,452 shares. Based on an average trading volume of 209,707 shares, the days-to-cover ratio is presently 0.9 days. Currently, 2.2% of the company’s stock are short sold.

Institutional Trading of WisdomTree Artificial Intelligence and Innovation Fund

Several institutional investors have recently bought and sold shares of the company. Oarsman Capital Inc. purchased a new position in WisdomTree Artificial Intelligence and Innovation Fund in the second quarter worth about $18,157,000. AdvisorNet Financial Inc lifted its stake 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 worth $2,000,000 after buying an additional 2,776 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of 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 valued at $1,851,000 after buying an additional 45,611 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 6.6% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 44,571 shares of the company’s stock valued at $1,299,000 after buying an additional 2,754 shares during the last quarter. Finally, First PREMIER Bank bought a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund during the second quarter valued at approximately $723,000.

WisdomTree Artificial Intelligence and Innovation Fund Trading Down 4.3%

BATS WTAI opened at $40.04 on Tuesday. WisdomTree Artificial Intelligence and Innovation Fund has a 12 month low of $26.55 and a 12 month high of $48.89. The stock’s fifty day moving average price is $40.98 and its 200-day moving average price is $38.37. The stock has a market cap of $344.34 million, a P/E ratio of 25.61 and a beta of 1.43.

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.