Themes Generative Artificial Intelligence ETF (NASDAQ:WISE) Sees Significant Decrease in Short Interest

Themes Generative Artificial Intelligence ETF (NASDAQ:WISE) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 100 shares, a drop of 80.0% from the October 15th total of 500 shares. Based on an average trading volume of 2,500 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Themes Generative Artificial Intelligence ETF

Hedge funds have recently made changes to their positions in the stock. Stratos Wealth Advisors LLC bought a new position in Themes Generative Artificial Intelligence ETF during the 3rd quarter worth approximately $746,000. Foundations Investment Advisors LLC boosted its position in Themes Generative Artificial Intelligence ETF by 10.6% during the 2nd quarter. Foundations Investment Advisors LLC now owns 247,988 shares of the company’s stock valued at $6,956,000 after buying an additional 23,836 shares during the period. Consolidated Portfolio Review Corp bought a new stake in Themes Generative Artificial Intelligence ETF in the 2nd quarter worth $616,000. Finally, Commonwealth Equity Services LLC increased its position in shares of Themes Generative Artificial Intelligence ETF by 21.3% in the second quarter. Commonwealth Equity Services LLC now owns 17,484 shares of the company’s stock valued at $490,000 after acquiring an additional 3,074 shares during the period.

Themes Generative Artificial Intelligence ETF Stock Up 2.3 %

Shares of WISE stock traded up $0.74 during trading on Tuesday, hitting $33.63. The company had a trading volume of 4,123 shares, compared to its average volume of 9,933. The stock’s 50-day moving average is $29.90 and its two-hundred day moving average is $28.74. The stock has a market capitalization of $14.80 million, a price-to-earnings ratio of 42.40 and a beta of 1.86. Themes Generative Artificial Intelligence ETF has a 52 week low of $24.56 and a 52 week high of $33.63.

About Themes Generative Artificial Intelligence ETF

The Themes Generative Artificial Intelligence ETF (WISE) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund seeks to track a concentrated index of stocks from developed markets that derive their revenues from artificial intelligence related industries. Stocks are weighted based on their relevance to the investment theme WISE was launched on Dec 8, 2023 and is issued by Themes.