Short Interest in Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Declines By 34.0%

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 201,216 shares, a decline of 34.0% from the March 15th total of 304,799 shares. Based on an average trading volume of 484,191 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.7% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. increased its position in shares of Dan IVES Wedbush AI Revolution ETF by 1,989.3% in the fourth quarter. Sunbelt Securities Inc. now owns 2,340 shares of the company’s stock worth $74,000 after acquiring an additional 2,228 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Dan IVES Wedbush AI Revolution ETF by 37.0% in the fourth quarter. NewEdge Advisors LLC now owns 130,074 shares of the company’s stock worth $4,112,000 after acquiring an additional 35,097 shares in the last quarter. VestGen Advisors LLC increased its position in shares of Dan IVES Wedbush AI Revolution ETF by 22.4% in the fourth quarter. VestGen Advisors LLC now owns 15,964 shares of the company’s stock worth $505,000 after acquiring an additional 2,917 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of Dan IVES Wedbush AI Revolution ETF in the fourth quarter worth approximately $381,000. Finally, Royal Bank of Canada increased its position in shares of Dan IVES Wedbush AI Revolution ETF by 1,277.2% in the fourth quarter. Royal Bank of Canada now owns 152,599 shares of the company’s stock worth $4,823,000 after acquiring an additional 141,519 shares in the last quarter.

Dan IVES Wedbush AI Revolution ETF Stock Up 2.7%

Dan IVES Wedbush AI Revolution ETF stock traded up $0.84 during midday trading on Wednesday, hitting $32.08. The company’s stock had a trading volume of 637,009 shares, compared to its average volume of 656,178. The stock’s 50-day moving average price is $29.87 and its 200-day moving average price is $31.68. Dan IVES Wedbush AI Revolution ETF has a 12 month low of $25.07 and a 12 month high of $35.25. The company has a market capitalization of $983.57 million, a PE ratio of 27.36 and a beta of 1.67.

Dan IVES Wedbush AI Revolution ETF Company Profile

The Wedbush ETFMG Global Cloud Technology ETF (IVES) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market cap-weighted index of global equities related to cloud technology companies. IVES was launched on Mar 8, 2016 and is managed by ETF Managers Group.