Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Sees Large Increase in Short Interest

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) saw a significant growth in short interest in 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 daily volume of 518,477 shares, the short-interest ratio is presently 0.3 days. Approximately 0.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On Dan IVES Wedbush AI Revolution ETF

Several hedge funds have recently bought and sold shares of the stock. Federation des caisses Desjardins du Quebec raised its holdings in shares of Dan IVES Wedbush AI Revolution ETF by 16.7% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,685 shares of the company’s stock worth $85,000 after acquiring an additional 385 shares during the last quarter. DAVENPORT & Co LLC boosted its stake in shares of Dan IVES Wedbush AI Revolution ETF by 2.5% during the fourth quarter. DAVENPORT & Co LLC now owns 18,525 shares of the company’s stock valued at $586,000 after acquiring an additional 455 shares during the last quarter. MADDEN SECURITIES Corp increased its position in Dan IVES Wedbush AI Revolution ETF by 2.5% during the 4th quarter. MADDEN SECURITIES Corp now owns 20,335 shares of the company’s stock worth $643,000 after purchasing an additional 500 shares in the last quarter. Lido Advisors LLC raised its stake in Dan IVES Wedbush AI Revolution ETF by 3.7% in the 1st quarter. Lido Advisors LLC now owns 14,668 shares of the company’s stock valued at $416,000 after purchasing an additional 527 shares during the last quarter. Finally, CMC Financial Group raised its stake in Dan IVES Wedbush AI Revolution ETF by 2.7% in the 4th quarter. CMC Financial Group now owns 24,769 shares of the company’s stock valued at $783,000 after purchasing an additional 652 shares during the last quarter.

Dan IVES Wedbush AI Revolution ETF Price Performance

Shares of IVES opened at $40.14 on Friday. Dan IVES Wedbush AI Revolution ETF has a 1-year low of $25.07 and a 1-year high of $40.15. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 27.36 and a beta of 2.21. The firm has a 50 day simple moving average of $32.92 and a 200-day simple moving average of $32.07.

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.