AI-driven ETF grabbed up shares of Tesla this month

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An exchange-traded fund managed by artificial intelligence has bought a large number of Tesla Inc (NASDAQ:TSLA) shares. What makes the purchase especially significant is the AI’s previous track record in predicting movements in the automaker’s stock. Q1 2021 hedge fund letters, conferences and more AI fund loads up on Tesla stockThe Qraft AI-Enhanced U.S. Large Cap Momentum ETF, which trades under the ticker symbol “AMOM” on the New York Stock Exchange, bought approximately $1.4 million worth of Tesla shares the first week of this month. The fund dumped all of its Tesla stock when the shares w…

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