Themes Generative Artificial Intelligence ETF (NASDAQ:WISE) Shares Up 1.3% – Should You Buy?

Themes Generative Artificial Intelligence ETF (NASDAQ:WISE) was up 1.3% during trading on Tuesday . The stock traded as high as $33.90 and last traded at $33.81. Approximately 3,211 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 6,873 shares. The stock had previously closed at $33.36.

Themes Generative Artificial Intelligence ETF Trading Down 1.0%

The company has a market capitalization of $32.20 million, a P/E ratio of 36.64 and a beta of 1.62. The stock’s fifty day moving average is $36.80 and its 200 day moving average is $40.55.

Hedge Funds Weigh In On Themes Generative Artificial Intelligence ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Thryve Wealth Management LLC purchased a new position in shares of Themes Generative Artificial Intelligence ETF during the fourth quarter valued at approximately $286,000. NewEdge Advisors LLC boosted its holdings in Themes Generative Artificial Intelligence ETF by 91.5% in the fourth quarter. NewEdge Advisors LLC now owns 20,136 shares of the company’s stock valued at $785,000 after acquiring an additional 9,623 shares in the last quarter. Jane Street Group LLC purchased a new position in Themes Generative Artificial Intelligence ETF during the 4th quarter valued at $629,000. Commonwealth Equity Services LLC increased its position in Themes Generative Artificial Intelligence ETF by 15.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 11,410 shares of the company’s stock valued at $445,000 after purchasing an additional 1,535 shares during the period. Finally, JT Stratford LLC raised its holdings in Themes Generative Artificial Intelligence ETF by 75.7% in the 4th quarter. JT Stratford LLC now owns 15,865 shares of the company’s stock worth $618,000 after purchasing an additional 6,835 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.