WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Trading Down 4.6% – Should You Sell?

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI)’s stock price fell 4.6% during trading on Thursday . The stock traded as low as $21.99 and last traded at $22.15. 62,691 shares were traded during mid-day trading, The stock had previously closed at $23.21.

WisdomTree Artificial Intelligence and Innovation Fund Trading Up 1.4 %

The firm has a 50-day simple moving average of $21.51 and a two-hundred day simple moving average of $20.49. The company has a market capitalization of $257.72 million, a price-to-earnings ratio of 29.23 and a beta of 1.74.

Institutional Investors Weigh In On WisdomTree Artificial Intelligence and Innovation Fund

Several hedge funds have recently bought and sold shares of the stock. Private Ocean LLC purchased a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund during the 2nd quarter valued at approximately $96,000. Orca Investment Management LLC purchased a new position in WisdomTree Artificial Intelligence and Innovation Fund during the third quarter valued at $1,449,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund in the third quarter valued at about $2,132,000.

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.