WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Trading Down 4.6% – Here’s Why

Posted by Doug Madison on Dec 21st, 2024

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI – Get Free Report) dropped 4.6% during mid-day trading on Thursday . The stock traded as low as $21.99 and last traded at $22.15. Approximately 62,691 shares changed hands during trading, The stock had previously closed at $23.21.

WisdomTree Artificial Intelligence and Innovation Fund Price Performance

The firm has a market capitalization of $257.72 million, a P/E ratio of 29.23 and a beta of 1.74. The stock’s fifty day simple moving average is $21.51 and its 200 day simple moving average is $20.49.

Hedge Funds Weigh In On WisdomTree Artificial Intelligence and Innovation Fund

Several hedge funds and other institutional investors have recently modified their holdings of WTAI. Private Ocean LLC acquired a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund in the second quarter valued at about $96,000. Orca Investment Management LLC acquired a new position in WisdomTree Artificial Intelligence and Innovation Fund in the 3rd quarter worth approximately $1,449,000. Finally, Flow Traders U.S. LLC purchased a new position in WisdomTree Artificial Intelligence and Innovation Fund during the 3rd quarter worth approximately $2,132,000.

WisdomTree Artificial Intelligence and Innovation Fund Company Profile

(Get Free Report)

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.