WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Trading Up 37.9% – What’s Next?

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI)’s stock price was up 37.9% during mid-day trading on Thursday . The stock traded as high as $22.7799 and last traded at $30.3650. Approximately 27,464 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 73,759 shares. The stock had previously closed at $22.02.

WisdomTree Artificial Intelligence and Innovation Fund Stock Performance

The business has a 50-day moving average of $29.59 and a 200 day moving average of $28.30. The stock has a market cap of $261.16 million, a PE ratio of 25.61 and a beta of 1.43.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in WTAI. Farther Finance Advisors LLC grew its position in shares of WisdomTree Artificial Intelligence and Innovation Fund by 62.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,957 shares of the company’s stock valued at $86,000 after purchasing an additional 1,133 shares during the period. Harbor Investment Advisory LLC purchased a new stake in WisdomTree Artificial Intelligence and Innovation Fund in the 4th quarter valued at about $90,000. First Command Advisory Services Inc. increased its stake in shares of WisdomTree Artificial Intelligence and Innovation Fund by 196.1% during the 3rd quarter. First Command Advisory Services Inc. now owns 5,921 shares of the company’s stock valued at $169,000 after acquiring an additional 3,921 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund during the 4th quarter worth about $191,000. Finally, Western Wealth Management LLC purchased a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund during the 2nd quarter worth about $226,000.

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.