Short Interest in Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Expands By 136.0%

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 535,644 shares, a growth of 136.0% from the July 15th total of 226,945 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 370,839 shares, the days-to-cover ratio is currently 1.4 days.

Dan IVES Wedbush AI Revolution ETF Price Performance

Shares of NYSEARCA IVES traded down $0.29 on Friday, hitting $39.97. The company’s stock had a trading volume of 401,370 shares, compared to its average volume of 594,823. Dan IVES Wedbush AI Revolution ETF has a 12-month low of $26.75 and a 12-month high of $41.93. The stock has a 50 day moving average of $37.30 and a 200-day moving average of $34.12. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 27.36 and a beta of 2.12.

Institutional Trading of Dan IVES Wedbush AI Revolution ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Longitude Cayman Ltd. acquired a new position in Dan IVES Wedbush AI Revolution ETF in the fourth quarter valued at $4,204,000. O ROURKE & COMPANY Inc increased its position in shares of Dan IVES Wedbush AI Revolution ETF by 61.3% in the fourth quarter. O ROURKE & COMPANY Inc now owns 39,028 shares of the company’s stock worth $1,234,000 after acquiring an additional 14,834 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in Dan IVES Wedbush AI Revolution ETF in the 4th quarter valued at $78,128,000. HB Wealth Management LLC purchased a new stake in shares of Dan IVES Wedbush AI Revolution ETF during the 1st quarter valued at about $516,000. Finally, Independent Financial Group LLC purchased a new stake in shares of Dan IVES Wedbush AI Revolution ETF during the first quarter valued at approximately $504,000.

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.