On a bustling Friday afternoon trading session, the WisdomTree Artificial Intelligence and Innovation Fund ETF (WTAI) is making waves with a striking surge in volume. A staggering 678,000 shares exchanged hands, a significant uptick from its typical three-month average of approximately 172,000 shares. Consequently, WTAI shares displayed resilience, edging up by 0.2% throughout the day.
Noteworthy components within the ETF drove this exceptional volume. Tesla, for instance, exhibited strength with a notable 2.5% increase, witnessing a substantial turnover of more than 42.9 million shares during the session. Similarly, Advanced Micro Devices (AMD) experienced a robust trading day, climbing 2.4% amidst a trading volume surpassing 37.5 million shares.
Among these components, Ambarella emerged as a standout performer on Friday, boasting a solid 2.6% gain. Conversely, Cerence faced challenges, lagging behind other components in the WisdomTree Artificial Intelligence and Innovation Fund ETF by declining approximately 12.6%.