WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Shares Down 1.8% – Should You Sell?

Shares of WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) dropped 1.8% during trading on Wednesday . The company traded as low as $21.37 and last traded at $21.59. Approximately 35,977 shares traded hands during trading, The stock had previously closed at $21.98.

WisdomTree Artificial Intelligence and Innovation Fund Stock Performance

The stock has a market capitalization of $248.82 million, a PE ratio of 29.23 and a beta of 1.74. The stock’s 50-day moving average price is $20.61 and its two-hundred day moving average price is $20.21.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC purchased a new position in WisdomTree Artificial Intelligence and Innovation Fund during the third quarter valued at $2,132,000. Orca Investment Management LLC bought a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund during the 3rd quarter valued at about $1,449,000. Private Ocean LLC purchased a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund during the second quarter valued at about $96,000. AdvisorNet Financial Inc increased its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 11.0% in the second quarter. AdvisorNet Financial Inc now owns 71,937 shares of the company’s stock worth $1,503,000 after purchasing an additional 7,132 shares during the last quarter. Finally, Transcend Capital Advisors LLC purchased a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund in the second quarter worth about $215,000.

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.