WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Shares Shorted: Short Interest Up 162.5% in October

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 170,017 shares, a growth of 162.5% from the October 15th total of 64,758 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 309,796 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sherman Asset Management Inc. boosted its stake in shares of WisdomTree Artificial Intelligence and Innovation Fund by 141.7% during the 1st quarter. Sherman Asset Management Inc. now owns 1,675 shares of the company’s stock worth $47,000 after acquiring an additional 982 shares in the last quarter. Harbour Investments Inc. acquired a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund during the 3rd quarter valued at about $168,000. Harbor Investment Advisory LLC increased its stake in shares of 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 valued at $191,000 after purchasing an additional 411 shares in the last quarter. First Command Advisory Services Inc. purchased a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund in the 3rd quarter valued at about $234,000. Finally, First PREMIER Bank purchased a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund in the 2nd quarter valued at about $723,000.

WisdomTree Artificial Intelligence and Innovation Fund Price Performance

WTAI opened at $33.60 on Friday. The firm has a fifty day moving average price of $39.98 and a 200 day moving average price of $37.82. WisdomTree Artificial Intelligence and Innovation Fund has a 1 year low of $26.55 and a 1 year high of $48.89. The stock has a market cap of $566.16 million, a P/E ratio of 14.27 and a beta of 1.65.

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.