WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Shares Down 1.8% – Here’s What Happened

Shares of WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAIGet Free Report) were down 1.8% during mid-day trading on Wednesday . The company traded as low as $21.37 and last traded at $21.59. Approximately 35,977 shares changed hands during trading, The stock had previously closed at $21.98.

WisdomTree Artificial Intelligence and Innovation Fund Stock Down 1.8 %

The firm has a 50-day simple moving average of $20.56 and a 200-day simple moving average of $20.20. The stock has a market cap of $248.29 million, a PE ratio of 29.23 and a beta of 1.74.

Institutional Inflows and Outflows

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

About WisdomTree Artificial Intelligence and Innovation Fund

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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.

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