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

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 304,799 shares, a growth of 81.9% from the February 26th total of 167,597 shares. Based on an average daily trading volume, of 514,108 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.9% of the shares of the company are short sold.

Institutional Trading of Dan IVES Wedbush AI Revolution ETF

Several hedge funds have recently bought and sold shares of IVES. US Bancorp DE purchased a new position in shares of Dan IVES Wedbush AI Revolution ETF in the 3rd quarter worth $29,000. TD Capital Management LLC purchased a new stake in shares of Dan IVES Wedbush AI Revolution ETF during the 3rd quarter valued at about $35,000. Coston McIsaac & Partners lifted its holdings in shares of Dan IVES Wedbush AI Revolution ETF by 203.5% in the 4th quarter. Coston McIsaac & Partners now owns 1,126 shares of the company’s stock valued at $35,000 after acquiring an additional 755 shares during the last quarter. CWM LLC lifted its holdings in shares of Dan IVES Wedbush AI Revolution ETF by 177.0% in the 3rd quarter. CWM LLC now owns 1,385 shares of the company’s stock valued at $44,000 after acquiring an additional 885 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in Dan IVES Wedbush AI Revolution ETF in the third quarter worth about $57,000.

Dan IVES Wedbush AI Revolution ETF Price Performance

Shares of IVES stock traded down $0.83 on Friday, hitting $27.50. 553,349 shares of the stock traded hands, compared to its average volume of 663,125. Dan IVES Wedbush AI Revolution ETF has a 52 week low of $25.07 and a 52 week high of $35.25. The firm has a 50 day simple moving average of $30.67 and a two-hundred day simple moving average of $31.86. The firm has a market cap of $883.30 million, a price-to-earnings ratio of 27.36 and a beta of 2.20.

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.