WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Stock Price Down 4.6% – What’s Next?

Shares of WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) dropped 4.6% during mid-day trading on Thursday . The company traded as low as $21.99 and last traded at $22.15. Approximately 62,691 shares traded hands during mid-day trading, The stock had previously closed at $23.21.

WisdomTree Artificial Intelligence and Innovation Fund Stock Down 0.3 %

The business’s 50-day simple moving average is $21.48 and its 200-day simple moving average is $20.47. The stock has a market cap of $254.04 million, a PE ratio of 29.23 and a beta of 1.74.

Hedge Funds Weigh In On WisdomTree Artificial Intelligence and Innovation Fund

A number of hedge funds have recently modified their holdings of WTAI. Private Ocean LLC purchased a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund during the second quarter valued at about $96,000. Orca Investment Management LLC purchased a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund during the third quarter valued at about $1,449,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund during 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.