Themes Generative Artificial Intelligence ETF (NASDAQ:WISE) Stock Price Down 3.2% – Here’s Why

Themes Generative Artificial Intelligence ETF (NASDAQ:WISE) traded down 3.2% on Friday . The company traded as low as $37.58 and last traded at $37.66. 2,563 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 7,818 shares. The stock had previously closed at $38.89.

Themes Generative Artificial Intelligence ETF Price Performance

The company has a market capitalization of $36.15 million, a P/E ratio of 36.64 and a beta of 1.62. The company has a 50 day moving average of $40.55 and a 200-day moving average of $41.41.

Themes Generative Artificial Intelligence ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 19th. Shareholders of record on Thursday, December 18th were given a $1.6067 dividend. The ex-dividend date of this dividend was Thursday, December 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WISE. NewEdge Advisors LLC lifted its holdings in Themes Generative Artificial Intelligence ETF by 11.8% in the 1st quarter. NewEdge Advisors LLC now owns 10,833 shares of the company’s stock worth $333,000 after purchasing an additional 1,142 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Themes Generative Artificial Intelligence ETF during the first quarter valued at approximately $959,000. Stratos Wealth Advisors LLC boosted its stake in shares of Themes Generative Artificial Intelligence ETF by 9.9% during the second quarter. Stratos Wealth Advisors LLC now owns 32,321 shares of the company’s stock valued at $1,169,000 after purchasing an additional 2,918 shares during the period. Traub Capital Management LLC bought a new position in Themes Generative Artificial Intelligence ETF in the second quarter worth approximately $36,000. Finally, U.S. Capital Wealth Advisors LLC raised its holdings in shares of Themes Generative Artificial Intelligence ETF by 21.6% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 26,440 shares of the company’s stock valued at $1,157,000 after acquiring an additional 4,690 shares in the last quarter.

About Themes Generative Artificial Intelligence ETF

The Themes Generative Artificial Intelligence ETF (WISE) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund seeks to track a concentrated index of stocks from developed markets that derive their revenues from artificial intelligence related industries. Stocks are weighted based on their relevance to the investment theme WISE was launched on Dec 8, 2023 and is issued by Themes.