Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Short Interest Up 145.5% in May

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 164,170 shares, a growth of 145.5% from the April 30th total of 66,867 shares. Based on an average trading volume of 518,477 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.5% of the shares of the stock are short sold.

Dan IVES Wedbush AI Revolution ETF Trading Up 4.0%

Shares of NYSEARCA IVES opened at $41.73 on Tuesday. Dan IVES Wedbush AI Revolution ETF has a twelve month low of $25.07 and a twelve month high of $41.93. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 27.36 and a beta of 2.59. The firm has a 50-day moving average of $33.16 and a two-hundred day moving average of $32.12.

Institutional Trading of Dan IVES Wedbush AI Revolution ETF

Hedge funds have recently made changes to their positions in the stock. Allworth Financial LP purchased a new stake in shares of Dan IVES Wedbush AI Revolution ETF in the third quarter worth approximately $615,000. HighTower Advisors LLC lifted its position in shares of Dan IVES Wedbush AI Revolution ETF by 1,312.7% in the third quarter. HighTower Advisors LLC now owns 211,379 shares of the company’s stock worth $6,789,000 after purchasing an additional 196,416 shares in the last quarter. First Heartland Consultants Inc. lifted its position 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 worth $10,190,000 after purchasing an additional 124,643 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted 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 worth $3,127,000 after purchasing an additional 87,034 shares in the last quarter. Finally, O ROURKE & COMPANY Inc lifted 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 purchasing an additional 14,834 shares in the last quarter.

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.