Surge in Trading Volume
The WisdomTree Artificial Intelligence and Innovation Fund ETF, WTAI, witnessed an extraordinary surge in trading volume during afternoon trading on Monday. The number of shares exchanged surpassed 1.2 million, significantly higher than the three-month average volume of around 160,000. Investors flocked to WTAI, propelling its shares to a 0.9% increase for the day.
Key Components Driving the Surge
Leading the charge in the ETF’s trading frenzy were renowned tech giants Nvidia and Tesla. Nvidia saw a substantial uptick of approximately 3.7%, with a staggering 137.7 million shares changing hands throughout the trading session. Similarly, Tesla experienced a 4.6% gain, backed by a trading volume exceeding 59.3 million shares. Highlighting the bullish sentiment in the market, Sentinelone emerged as the top performer for the day with a remarkable 7.9% surge. In contrast, Crowdstrike Holdings struggled, trailing behind the other components with a decline of about 13.5%.