WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Shares Down 13.7% – Should You Sell?

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI)’s share price fell 13.7% during trading on Wednesday . The stock traded as low as $22.45 and last traded at $19.01. 27,464 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 110,592 shares. The stock had previously closed at $22.02.

WisdomTree Artificial Intelligence and Innovation Fund Stock Down 17.2 %

The business has a 50 day moving average price of $20.78 and a two-hundred day moving average price of $21.42. The stock has a market cap of $159.60 million, a P/E ratio of 23.47 and a beta of 1.41.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC raised its position in shares of WisdomTree Artificial Intelligence and Innovation Fund by 67.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 1,619 shares of the company’s stock valued at $36,000 after buying an additional 654 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in WisdomTree Artificial Intelligence and Innovation Fund by 24.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 17,873 shares of the company’s stock valued at $393,000 after acquiring an additional 3,561 shares in the last quarter. Sherman Asset Management Inc. purchased a new position in WisdomTree Artificial Intelligence and Innovation Fund during the fourth quarter valued at $199,000. Creative Financial Designs Inc. ADV bought a new stake in WisdomTree Artificial Intelligence and Innovation Fund in the 4th quarter valued at $29,000. Finally, AllSquare Wealth Management LLC lifted its stake in WisdomTree Artificial Intelligence and Innovation Fund by 16.9% in the 4th quarter. AllSquare Wealth Management LLC now owns 3,388 shares of the company’s stock worth $75,000 after purchasing an additional 490 shares in the last quarter.

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.