WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Shares Down 8.8% – Should You Sell?

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAIGet Free Report)’s share price traded down 8.8% during mid-day trading on Friday . The stock traded as low as $41.58 and last traded at $41.83. 481,288 shares were traded during trading, an increase of 187% from the average session volume of 167,565 shares. The stock had previously closed at $45.88.

WisdomTree Artificial Intelligence and Innovation Fund Stock Performance

The firm has a market cap of $359.74 million, a P/E ratio of 25.61 and a beta of 1.43. The company’s 50 day moving average is $36.74 and its 200 day moving average is $32.15.

Institutional Investors Weigh In On WisdomTree Artificial Intelligence and Innovation Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of WTAI. Ameriprise Financial Inc. increased its holdings in WisdomTree Artificial Intelligence and Innovation Fund by 383.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 62,565 shares of the company’s stock worth $1,537,000 after purchasing an additional 49,627 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of WisdomTree Artificial Intelligence and Innovation Fund by 77.2% during the third quarter. Creative Financial Designs Inc. ADV now owns 41,817 shares of the company’s stock valued at $1,194,000 after purchasing an additional 18,223 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund during the third quarter worth about $647,000. Harbor Investment Advisory LLC acquired a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund in the fourth quarter valued at approximately $90,000. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund in the fourth quarter valued at approximately $191,000.

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. WTAI was launched on Dec 9, 2021 and is managed by WisdomTree.

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