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

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

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. First PREMIER Bank acquired a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund during the 2nd quarter worth about $723,000. Oarsman Capital Inc. acquired a new stake in WisdomTree Artificial Intelligence and Innovation Fund in the 2nd quarter valued at approximately $18,157,000. Harbor Investment Advisory LLC increased its position in WisdomTree Artificial Intelligence and Innovation Fund by 11.4% in the 2nd quarter. Harbor Investment Advisory LLC now owns 4,023 shares of the company’s stock worth $191,000 after buying an additional 411 shares during the period. Sherman Asset Management Inc. increased its position in WisdomTree Artificial Intelligence and Innovation Fund by 141.7% in the 1st quarter. Sherman Asset Management Inc. now owns 1,675 shares of the company’s stock worth $47,000 after buying an additional 982 shares during the period. Finally, Team Financial Group LLC bought a new position in WisdomTree Artificial Intelligence and Innovation Fund in the 1st quarter worth approximately $47,000.

WisdomTree Artificial Intelligence and Innovation Fund Price Performance

Shares of WTAI opened at $43.06 on Tuesday. The company has a market capitalization of $370.32 million, a PE ratio of 25.61 and a beta of 1.43. WisdomTree Artificial Intelligence and Innovation Fund has a one year low of $26.55 and a one year high of $48.89. The company’s fifty day moving average price is $41.17 and its 200 day moving average price is $39.29.

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.