WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Sees Large Drop in Short Interest

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 60,431 shares, a decrease of 67.6% from the August 31st total of 186,742 shares. Based on an average daily volume of 472,213 shares, the short-interest ratio is presently 0.1 days. Approximately 0.7% of the company’s shares are sold short.

WisdomTree Artificial Intelligence and Innovation Fund Price Performance

BATS WTAI opened at $43.95 on Monday. The stock has a market capitalization of $377.97 million, a P/E ratio of 25.61 and a beta of 1.43. The business has a 50 day simple moving average of $41.10 and a 200 day simple moving average of $39.20. WisdomTree Artificial Intelligence and Innovation Fund has a one year low of $26.55 and a one year high of $48.89.

Hedge Funds Weigh In On WisdomTree Artificial Intelligence and Innovation Fund

Several institutional investors have recently made changes to their positions in WTAI. Oarsman Capital Inc. bought a new position in WisdomTree Artificial Intelligence and Innovation Fund in the second quarter worth approximately $18,157,000. 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. First PREMIER Bank bought a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund during the second quarter worth about $723,000. AdvisorNet Financial Inc increased its position in shares of WisdomTree Artificial Intelligence and Innovation Fund by 4.1% during the first quarter. AdvisorNet Financial Inc now owns 70,841 shares of the company’s stock worth $2,000,000 after acquiring an additional 2,776 shares in the last quarter. Finally, Team Financial Group LLC acquired a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund in the 1st quarter worth about $47,000.

About WisdomTree Artificial Intelligence and Innovation Fund

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.