WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Short Interest Update

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 210,693 shares, an increase of 86.5% from the May 31st total of 112,986 shares. Based on an average trading volume of 328,586 shares, the short-interest ratio is currently 0.6 days. Currently, 2.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On WisdomTree Artificial Intelligence and Innovation Fund

Several hedge funds and other institutional investors have recently made changes to their positions in WTAI. Private Trust Co. NA increased its position in WisdomTree Artificial Intelligence and Innovation Fund by 1,017.9% during the 4th quarter. Private Trust Co. NA now owns 1,621 shares of the company’s stock worth $47,000 after purchasing an additional 1,476 shares in the last quarter. Sherman Asset Management Inc. boosted its position in WisdomTree Artificial Intelligence and Innovation Fund by 141.7% in the first quarter. Sherman Asset Management Inc. now owns 1,675 shares of the company’s stock valued at $47,000 after buying an additional 982 shares in the last quarter. Team Financial Group LLC acquired a new stake in WisdomTree Artificial Intelligence and Innovation Fund in the first quarter valued at approximately $47,000. Berbice Capital Management LLC acquired a new stake in WisdomTree Artificial Intelligence and Innovation Fund in the fourth quarter valued at approximately $51,000. Finally, Farther Finance Advisors LLC grew its stake in shares of WisdomTree Artificial Intelligence and Innovation Fund by 62.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,957 shares of the company’s stock worth $86,000 after buying an additional 1,133 shares during the last quarter.

WisdomTree Artificial Intelligence and Innovation Fund Trading Up 3.7%

Shares of BATS WTAI opened at $47.47 on Wednesday. The company has a market cap of $408.24 million, a price-to-earnings ratio of 25.61 and a beta of 1.43. WisdomTree Artificial Intelligence and Innovation Fund has a 12 month low of $23.86 and a 12 month high of $48.89. The stock has a 50-day moving average price of $41.82 and a two-hundred day moving average price of $34.07.

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.