Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES – Get Free Report) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 535,644 shares, an increase of 136.0% from the July 15th total of 226,945 shares. Currently, 1.9% of the company’s shares are short sold. Based on an average trading volume of 370,839 shares, the days-to-cover ratio is currently 1.4 days.
Institutional Investors Weigh In On Dan IVES Wedbush AI Revolution ETF
Several hedge funds have recently bought and sold shares of the company. US Bancorp DE bought a new position in shares of Dan IVES Wedbush AI Revolution ETF during the third quarter worth $29,000. Versant Capital Management Inc bought a new stake in shares of Dan IVES Wedbush AI Revolution ETF in the 2nd quarter valued at $39,000. Coston McIsaac & Partners increased its position 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 buying an additional 755 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Dan IVES Wedbush AI Revolution ETF in the 3rd quarter valued at $57,000. Finally, Tripletail Wealth Management LLC acquired a new stake in Dan IVES Wedbush AI Revolution ETF during the 4th quarter worth $66,000.
Dan IVES Wedbush AI Revolution ETF Trading Down 0.7%
Shares of NYSEARCA:IVES traded down $0.29 during mid-day trading on Friday, reaching $39.97. The stock had a trading volume of 401,370 shares, compared to its average volume of 594,823. The firm has a 50 day simple moving average of $37.24 and a two-hundred day simple moving average of $34.08. Dan IVES Wedbush AI Revolution ETF has a twelve month low of $26.75 and a twelve month high of $41.93. The firm has a market cap of $1.10 billion, a PE ratio of 27.36 and a beta of 2.12.
About Dan IVES Wedbush AI Revolution ETF
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.
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