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

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 98,517 shares, a growth of 63.0% from the September 15th total of 60,431 shares. Based on an average daily volume of 158,828 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.1% of the shares of the stock are sold short.

WisdomTree Artificial Intelligence and Innovation Fund Price Performance

BATS WTAI opened at $37.74 on Friday. WisdomTree Artificial Intelligence and Innovation Fund has a 1 year low of $26.55 and a 1 year high of $48.89. The company’s 50 day simple moving average is $42.17 and its two-hundred day simple moving average is $40.59. The stock has a market capitalization of $324.56 million, a PE ratio of 25.61 and a beta of 1.43.

Institutional Investors Weigh In On WisdomTree Artificial Intelligence and Innovation Fund

Several large investors have recently bought and sold shares of the business. Sherman Asset Management Inc. raised its position in WisdomTree Artificial Intelligence and Innovation Fund by 141.7% in the 1st quarter. Sherman Asset Management Inc. now owns 1,675 shares of the company’s stock worth $47,000 after buying an additional 982 shares during the last quarter. Team Financial Group LLC bought a new position in WisdomTree Artificial Intelligence and Innovation Fund during the 1st quarter valued at about $47,000. Harbor Investment Advisory LLC boosted its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 16.5% during the 1st quarter. Harbor Investment Advisory LLC now owns 3,612 shares of the company’s stock valued at $102,000 after acquiring an additional 512 shares during the last quarter. First PREMIER Bank purchased a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund during the 2nd quarter valued at about $723,000. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 228.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 65,556 shares of the company’s stock valued at $1,851,000 after acquiring an additional 45,611 shares during 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.