WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Shares Down 8.5% – Time to Sell?

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) traded down 8.5% on Wednesday . The company traded as low as $22.45 and last traded at $20.15. 27,464 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 115,481 shares. The stock had previously closed at $22.02.

WisdomTree Artificial Intelligence and Innovation Fund Stock Down 8.3 %

The firm has a market capitalization of $178.71 million, a P/E ratio of 24.74 and a beta of 1.39. The firm has a 50 day moving average of $22.31 and a 200-day moving average of $21.46.

Institutional Trading of WisdomTree Artificial Intelligence and Innovation Fund

A number of institutional investors have recently modified their holdings of WTAI. Flow Traders U.S. LLC bought a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund in the third quarter worth $2,132,000. Janney Montgomery Scott LLC increased its holdings in WisdomTree Artificial Intelligence and Innovation Fund by 24.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 17,873 shares of the company’s stock valued at $393,000 after buying an additional 3,561 shares during the period. Ameriprise Financial Inc. acquired a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund in the 4th quarter valued at approximately $251,000. Sherman Asset Management Inc. acquired a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund in the 4th quarter valued at approximately $199,000. Finally, AllSquare Wealth Management LLC lifted its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 16.9% during the 4th quarter. AllSquare Wealth Management LLC now owns 3,388 shares of the company’s stock worth $75,000 after acquiring an additional 490 shares during the period.

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.