Themes Generative Artificial Intelligence ETF (NASDAQ:WISE) Sees Large Decrease in Short Interest

Themes Generative Artificial Intelligence ETF (NASDAQ:WISE) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 558 shares, a decline of 69.1% from the July 15th total of 1,804 shares. Based on an average trading volume of 4,906 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Themes Generative Artificial Intelligence ETF Stock Performance

WISE stock opened at $37.95 on Friday. The stock has a market cap of $29.98 million, a P/E ratio of 36.64 and a beta of 1.91. The firm has a 50 day simple moving average of $36.98 and a 200 day simple moving average of $36.74. Themes Generative Artificial Intelligence ETF has a 52 week low of $30.00 and a 52 week high of $48.91.

Hedge Funds Weigh In On Themes Generative Artificial Intelligence ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Thryve Wealth Management LLC purchased a new stake in shares of Themes Generative Artificial Intelligence ETF during the fourth quarter worth $286,000. NewEdge Advisors LLC grew 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 purchasing an additional 1,142 shares in the last quarter. Private Advisor Group LLC increased its position in Themes Generative Artificial Intelligence ETF by 10.9% in the 3rd quarter. Private Advisor Group LLC now owns 8,130 shares of the company’s stock worth $356,000 after purchasing an additional 800 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Themes Generative Artificial Intelligence ETF by 15.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,410 shares of the company’s stock worth $445,000 after purchasing an additional 1,535 shares during the last quarter. Finally, JT Stratford LLC raised its stake in shares of Themes Generative Artificial Intelligence ETF by 75.7% during the 4th quarter. JT Stratford LLC now owns 15,865 shares of the company’s stock worth $618,000 after purchasing an additional 6,835 shares in the last quarter.

Themes Generative Artificial Intelligence ETF Company Profile

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.