Short Interest in Themes Generative Artificial Intelligence ETF (NASDAQ:WISE) Drops By 38.2%

Themes Generative Artificial Intelligence ETF (NASDAQ:WISE) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 84 shares, a decline of 38.2% from the April 30th total of 136 shares. Based on an average daily volume of 5,824 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. J. Safra Sarasin Holding AG bought a new stake in Themes Generative Artificial Intelligence ETF in the fourth quarter valued at about $203,000. Thryve Wealth Management LLC bought a new stake in Themes Generative Artificial Intelligence ETF in the fourth quarter valued at about $286,000. NewEdge Advisors LLC increased its stake in Themes Generative Artificial Intelligence ETF by 11.8% in the first quarter. NewEdge Advisors LLC now owns 10,833 shares of the company’s stock valued at $333,000 after acquiring an additional 1,142 shares during the period. Private Advisor Group LLC increased its stake in Themes Generative Artificial Intelligence ETF by 10.9% in the third quarter. Private Advisor Group LLC now owns 8,130 shares of the company’s stock valued at $356,000 after acquiring an additional 800 shares during the period. Finally, JT Stratford LLC bought a new stake in Themes Generative Artificial Intelligence ETF in the third quarter valued at about $395,000.

Themes Generative Artificial Intelligence ETF Stock Performance

NASDAQ:WISE opened at $45.00 on Wednesday. The firm’s 50-day moving average is $36.97 and its 200-day moving average is $37.93. Themes Generative Artificial Intelligence ETF has a 52-week low of $30.00 and a 52-week high of $48.91. The company has a market cap of $37.35 million, a price-to-earnings ratio of 36.64 and a beta of 1.70.

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.