Short Interest in Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Increases By 113.5%

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

Institutional Trading of Dan IVES Wedbush AI Revolution ETF

Hedge funds have recently bought and sold shares of the business. Allworth Financial LP acquired a new position in shares of Dan IVES Wedbush AI Revolution ETF during the 3rd quarter worth approximately $615,000. U.S. Capital Wealth Advisors LLC grew its position in shares of Dan IVES Wedbush AI Revolution ETF by 732.6% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 98,914 shares of the company’s stock valued at $3,127,000 after purchasing an additional 87,034 shares in the last quarter. First Heartland Consultants Inc. increased its holdings in shares of Dan IVES Wedbush AI Revolution ETF by 63.0% in the fourth quarter. First Heartland Consultants Inc. now owns 322,364 shares of the company’s stock valued at $10,190,000 after purchasing an additional 124,643 shares during the last quarter. O ROURKE & COMPANY Inc increased its holdings 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 valued at $1,234,000 after purchasing an additional 14,834 shares during the last quarter. Finally, Longitude Cayman Ltd. purchased a new position in Dan IVES Wedbush AI Revolution ETF during the fourth quarter worth approximately $4,204,000.

Dan IVES Wedbush AI Revolution ETF Stock Down 0.5%

Shares of NYSEARCA IVES opened at $37.91 on Thursday. The firm has a 50-day simple moving average of $36.67 and a 200-day simple moving average of $32.99. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 27.36 and a beta of 2.40. Dan IVES Wedbush AI Revolution ETF has a 52 week low of $26.48 and a 52 week high of $41.93.

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.