WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Trading Down 8.5% – Time to Sell?

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI)’s share price fell 8.5% on Wednesday . The stock traded as low as $22.45 and last traded at $20.15. 27,464 shares were traded during trading, a decline of 76% from the average session volume of 115,481 shares. The stock had previously closed at $22.02.

WisdomTree Artificial Intelligence and Innovation Fund Price Performance

The company has a market cap of $178.71 million, a P/E ratio of 24.74 and a beta of 1.39. The business’s 50 day moving average price is $22.31 and its 200-day moving average price is $21.46.

Hedge Funds Weigh In On WisdomTree Artificial Intelligence and Innovation Fund

Several institutional investors have recently bought and sold shares of WTAI. Ameriprise Financial Inc. acquired a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund in the fourth quarter valued at $251,000. Creative Financial Designs Inc. ADV acquired a new stake in WisdomTree Artificial Intelligence and Innovation Fund in the 4th quarter valued at about $29,000. AllSquare Wealth Management LLC increased its position in WisdomTree Artificial Intelligence and Innovation Fund by 16.9% in the 4th quarter. AllSquare Wealth Management LLC now owns 3,388 shares of the company’s stock valued at $75,000 after acquiring an additional 490 shares in the last quarter. Sherman Asset Management Inc. bought a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund in the fourth quarter worth about $199,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of WisdomTree Artificial Intelligence and Innovation Fund by 24.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 17,873 shares of the company’s stock worth $393,000 after purchasing an additional 3,561 shares in the last quarter.

WisdomTree Artificial Intelligence and Innovation Fund Company Profile

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.