WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Shares Up 16.3% – Here’s What Happened

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) shares shot up 16.3% on Tuesday . The stock traded as high as $22.78 and last traded at $25.61. 27,464 shares were traded during mid-day trading, a decline of 63% from the average session volume of 73,759 shares. The stock had previously closed at $22.02.

WisdomTree Artificial Intelligence and Innovation Fund Stock Performance

The company has a fifty day simple moving average of $23.75 and a two-hundred day simple moving average of $21.93. The company has a market capitalization of $220.24 million, a price-to-earnings ratio of 25.61 and a beta of 1.43.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. acquired a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund during the 4th quarter worth $251,000. Farther Finance Advisors LLC increased its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 3,172.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,800 shares of the company’s stock worth $35,000 after buying an additional 1,745 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 7.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,290 shares of the company’s stock worth $367,000 after buying an additional 1,417 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 885.9% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 13,142 shares of the company’s stock worth $250,000 after buying an additional 11,809 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund during the 1st quarter worth $1,389,000.

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.