WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Shares Shorted: Short Interest Up 162.5% in October

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 170,017 shares, an increase of 162.5% from the October 15th total of 64,758 shares. Based on an average trading volume of 309,796 shares, the short-interest ratio is presently 0.5 days. Approximately 1.0% of the shares of the company are short sold.

WisdomTree Artificial Intelligence and Innovation Fund Stock Performance

Shares of WisdomTree Artificial Intelligence and Innovation Fund stock traded down $0.89 on Friday, reaching $33.60. 250,159 shares of the company were exchanged, compared to its average volume of 248,679. 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 moving average is $39.98 and its two-hundred day moving average is $37.82. The firm has a market cap of $566.16 million, a price-to-earnings ratio of 14.27 and a beta of 1.65.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in WTAI. Sherman Asset Management Inc. lifted its stake in shares of 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 acquiring an additional 982 shares during the period. Harbour Investments Inc. acquired a new position in WisdomTree Artificial Intelligence and Innovation Fund in the third quarter worth approximately $168,000. Harbor Investment Advisory LLC raised its position in shares of WisdomTree Artificial Intelligence and Innovation Fund by 11.4% during the second quarter. Harbor Investment Advisory LLC now owns 4,023 shares of the company’s stock worth $191,000 after purchasing an additional 411 shares during the period. First Command Advisory Services Inc. acquired a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund in the 3rd quarter valued at $234,000. Finally, First PREMIER Bank acquired a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund in the 2nd quarter valued at $723,000.

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.