Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Short Interest Down 43.8% in August

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 301,179 shares, a decrease of 43.8% from the July 30th total of 535,644 shares. Based on an average daily volume of 322,677 shares, the short-interest ratio is presently 0.9 days. Currently, 1.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Dan IVES Wedbush AI Revolution ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE bought a new stake in Dan IVES Wedbush AI Revolution ETF in the third quarter worth approximately $29,000. Coston McIsaac & Partners raised its holdings 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. Versant Capital Management Inc bought a new position in shares of Dan IVES Wedbush AI Revolution ETF during the 2nd quarter valued at $39,000. Advisory Services Network LLC acquired 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 bought a new stake in Dan IVES Wedbush AI Revolution ETF in the fourth quarter worth $66,000.

Dan IVES Wedbush AI Revolution ETF Stock Performance

Shares of Dan IVES Wedbush AI Revolution ETF stock traded down $0.85 during trading on Tuesday, hitting $38.80. 252,240 shares of the stock traded hands, compared to its average volume of 567,857. The stock has a market cap of $1.07 billion, a P/E ratio of 27.36 and a beta of 2.12. Dan IVES Wedbush AI Revolution ETF has a twelve month low of $26.92 and a twelve month high of $41.93. The company has a fifty day moving average price of $37.60 and a two-hundred day moving average price of $34.68.

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.