Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Short Interest Up 113.5% in June

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 424,515 shares, an increase of 113.5% from the May 31st total of 198,869 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average daily volume of 825,657 shares, the short-interest ratio is currently 0.5 days.

Dan IVES Wedbush AI Revolution ETF Trading Up 3.2%

Shares of IVES stock opened at $37.33 on Tuesday. The firm has a fifty day moving average price of $36.46 and a 200 day moving average price of $32.92. The company has a market cap of $1.13 billion, a P/E ratio of 27.36 and a beta of -2.48. Dan IVES Wedbush AI Revolution ETF has a 12 month low of $26.37 and a 12 month high of $41.93.

Institutional Trading of Dan IVES Wedbush AI Revolution ETF

A number of institutional investors have recently bought and sold shares of the business. US Bancorp DE purchased a new position in shares of Dan IVES Wedbush AI Revolution ETF in the 3rd quarter valued at about $29,000. TD Capital Management LLC acquired a new stake in shares of Dan IVES Wedbush AI Revolution ETF during the 3rd quarter worth about $35,000. Coston McIsaac & Partners lifted its stake in Dan IVES Wedbush AI Revolution ETF by 203.5% during the fourth quarter. Coston McIsaac & Partners now owns 1,126 shares of the company’s stock worth $35,000 after purchasing an additional 755 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Dan IVES Wedbush AI Revolution ETF during the third quarter worth approximately $57,000. Finally, Tripletail Wealth Management LLC acquired a new position in Dan IVES Wedbush AI Revolution ETF in the fourth quarter valued at approximately $66,000.

About Dan IVES Wedbush AI Revolution ETF

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.