WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Trading Up 2.8% – Time to Buy?

Shares of WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) rose 2.8% during mid-day trading on Monday . The stock traded as high as $45.79 and last traded at $45.79. 387,308 shares traded hands during trading, an increase of 110% from the average session volume of 184,006 shares. The stock had previously closed at $44.53.

WisdomTree Artificial Intelligence and Innovation Fund Stock Performance

The company has a market capitalization of $393.79 million, a PE ratio of 25.61 and a beta of 1.43. The company has a 50 day moving average price of $41.55 and a 200 day moving average price of $33.95.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Harbor Investment Advisory LLC raised its stake in shares of WisdomTree Artificial Intelligence and Innovation Fund by 16.5% in the 1st 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 in the last quarter. Sherman Asset Management Inc. grew its stake in WisdomTree Artificial Intelligence and Innovation Fund by 141.7% in 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 in the last quarter. Farther Finance Advisors LLC grew its stake in WisdomTree Artificial Intelligence and Innovation Fund by 62.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,957 shares of the company’s stock worth $86,000 after purchasing an additional 1,133 shares in the last quarter. Private Trust Co. NA increased its holdings in WisdomTree Artificial Intelligence and Innovation Fund by 1,017.9% in the fourth quarter. Private Trust Co. NA now owns 1,621 shares of the company’s stock valued at $47,000 after buying an additional 1,476 shares during the last quarter. Finally, Team Financial Group LLC acquired a new stake in WisdomTree Artificial Intelligence and Innovation Fund during the first quarter valued at approximately $47,000.

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.