WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Sees Significant Increase in Short Interest

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 98,517 shares, an increase of 63.0% from the September 15th total of 60,431 shares. Based on an average daily trading volume, of 158,828 shares, the short-interest ratio is currently 0.6 days. Currently, 1.1% of the shares of the company are short sold.

WisdomTree Artificial Intelligence and Innovation Fund Stock Down 4.8%

WTAI opened at $37.74 on Friday. WisdomTree Artificial Intelligence and Innovation Fund has a 12-month low of $26.55 and a 12-month high of $48.89. The business has a 50 day moving average of $42.17 and a 200-day moving average of $40.59. The stock has a market cap of $324.56 million, a price-to-earnings ratio of 25.61 and a beta of 1.43.

Institutional Investors Weigh In On WisdomTree Artificial Intelligence and Innovation Fund

A number of large investors have recently added to or reduced their stakes in WTAI. Sherman Asset Management Inc. boosted its position in WisdomTree Artificial Intelligence and Innovation Fund by 141.7% during the first quarter. Sherman Asset Management Inc. now owns 1,675 shares of the company’s stock worth $47,000 after purchasing an additional 982 shares during the period. Team Financial Group LLC acquired a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund in the first quarter valued at $47,000. Harbor Investment Advisory LLC raised its position in shares of WisdomTree Artificial Intelligence and Innovation Fund by 16.5% in the first quarter. Harbor Investment Advisory LLC now owns 3,612 shares of the company’s stock valued at $102,000 after purchasing an additional 512 shares during the period. First PREMIER Bank bought a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund in the second quarter valued at about $723,000. Finally, Janney Montgomery Scott LLC raised its position in shares of WisdomTree Artificial Intelligence and Innovation Fund by 228.7% in the first quarter. Janney Montgomery Scott LLC now owns 65,556 shares of the company’s stock valued at $1,851,000 after purchasing an additional 45,611 shares during the period.

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.