Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Short Interest Update

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) was the recipient of a significant growth in short interest during the month of 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. Currently, 1.4% of the company’s stock are sold short. Based on an average daily trading volume, of 825,657 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IVES. US Bancorp DE acquired a new stake in Dan IVES Wedbush AI Revolution ETF during the third quarter worth approximately $29,000. TD Capital Management LLC bought a new position in Dan IVES Wedbush AI Revolution ETF during the 3rd quarter worth approximately $35,000. Coston McIsaac & Partners boosted its position in shares of Dan IVES Wedbush AI Revolution ETF by 203.5% during the 4th quarter. Coston McIsaac & Partners now owns 1,126 shares of the company’s stock valued at $35,000 after purchasing an additional 755 shares in the last quarter. Advisory Services Network LLC bought a new position in Dan IVES Wedbush AI Revolution ETF during the third quarter worth $57,000. Finally, Tripletail Wealth Management LLC acquired a new stake in Dan IVES Wedbush AI Revolution ETF in the fourth quarter valued at approximately $66,000.

Dan IVES Wedbush AI Revolution ETF Stock Performance

Shares of NYSEARCA IVES traded down $0.19 during trading on Wednesday, reaching $37.91. The company had a trading volume of 966,064 shares, compared to its average volume of 639,446. Dan IVES Wedbush AI Revolution ETF has a 52 week low of $26.48 and a 52 week high of $41.93. The business’s 50 day moving average price is $36.57 and its 200-day moving average price is $32.95. The stock has a market cap of $1.15 billion, a PE ratio of 27.36 and a beta of -2.48.

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.