Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Sees Significant Decline in Short Interest

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 251,572 shares, a decline of 31.5% from the November 30th total of 366,995 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average trading volume of 773,094 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 773,094 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.8% of the company’s shares are sold short.

Dan IVES Wedbush AI Revolution ETF Stock Performance

Shares of IVES stock traded down $0.11 on Tuesday, hitting $31.93. 453,079 shares of the company’s stock traded hands, compared to its average volume of 888,089. The stock has a market capitalization of $946.41 million, a price-to-earnings ratio of 27.36 and a beta of 2.20. The company’s fifty day simple moving average is $32.57 and its 200 day simple moving average is $30.38. Dan IVES Wedbush AI Revolution ETF has a one year low of $25.07 and a one year high of $35.25.

Institutional Investors Weigh In On Dan IVES Wedbush AI Revolution ETF

Institutional investors have recently bought and sold shares of the stock. Krilogy Financial LLC bought a new stake in Dan IVES Wedbush AI Revolution ETF during the 2nd quarter valued at $911,000. Albion Financial Group UT purchased a new position in shares of Dan IVES Wedbush AI Revolution ETF during the second quarter valued at approximately $27,000. Marino Stram & Associates LLC purchased a new position in shares of Dan IVES Wedbush AI Revolution ETF during the second quarter valued at approximately $261,000. MADDEN SECURITIES Corp bought a new stake in Dan IVES Wedbush AI Revolution ETF in the second quarter valued at $538,000. Finally, JFS Wealth Advisors LLC purchased a new position in Dan IVES Wedbush AI Revolution ETF during the 2nd quarter valued at $35,000.

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.