WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Trading Down 8.5% – Should You Sell?

Shares of WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAIGet Free Report) fell 8.5% during mid-day trading on Wednesday . The company traded as low as $22.45 and last traded at $20.15. 27,464 shares were traded during mid-day trading, a decline of 76% from the average session volume of 115,481 shares. The stock had previously closed at $22.02.

WisdomTree Artificial Intelligence and Innovation Fund Stock Performance

The firm has a market capitalization of $178.28 million, a P/E ratio of 24.74 and a beta of 1.39. The business has a fifty day moving average of $22.35 and a 200-day moving average of $21.47.

Hedge Funds Weigh In On WisdomTree Artificial Intelligence and Innovation Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WTAI. Flow Traders U.S. LLC bought a new position in WisdomTree Artificial Intelligence and Innovation Fund during the 3rd quarter valued at $2,132,000. Ameriprise Financial Inc. bought a new position in WisdomTree Artificial Intelligence and Innovation Fund during the 4th quarter valued at $251,000. Sherman Asset Management Inc. bought a new position in WisdomTree Artificial Intelligence and Innovation Fund during the 4th quarter valued at $199,000. Janney Montgomery Scott LLC boosted its stake in WisdomTree Artificial Intelligence and Innovation Fund by 24.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 17,873 shares of the company’s stock valued at $393,000 after purchasing an additional 3,561 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV bought a new position in WisdomTree Artificial Intelligence and Innovation Fund during the 4th quarter valued at $29,000.

WisdomTree Artificial Intelligence and Innovation Fund Company Profile

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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.

Further Reading

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