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

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 210,693 shares, an increase of 86.5% from the May 31st total of 112,986 shares. Based on an average daily trading volume, of 328,586 shares, the days-to-cover ratio is presently 0.6 days. Currently, 2.4% of the shares of the stock are short sold.

WisdomTree Artificial Intelligence and Innovation Fund Trading Up 3.7%

Shares of BATS:WTAI opened at $47.47 on Wednesday. The firm has a 50 day moving average of $41.82 and a 200-day moving average of $34.07. The stock has a market capitalization of $408.24 million, a PE ratio of 25.61 and a beta of 1.43. WisdomTree Artificial Intelligence and Innovation Fund has a 12 month low of $23.86 and a 12 month high of $48.89.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in WTAI. Ameriprise Financial Inc. raised its position in WisdomTree Artificial Intelligence and Innovation Fund by 383.6% during the second quarter. Ameriprise Financial Inc. now owns 62,565 shares of the company’s stock valued at $1,537,000 after purchasing an additional 49,627 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund in the 3rd quarter valued at $647,000. Harbor Investment Advisory LLC acquired a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund in the 4th quarter valued at $90,000. Flagship Harbor Advisors LLC bought a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund in the 4th quarter valued at $191,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 62.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,957 shares of the company’s stock worth $86,000 after buying an additional 1,133 shares in the last quarter.

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.