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

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 198,161 shares, a growth of 33.8% from the January 29th total of 148,086 shares. Based on an average daily volume of 882,292 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.6% of the shares of the company are sold short. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 882,292 shares, the days-to-cover ratio is currently 0.2 days.

Dan IVES Wedbush AI Revolution ETF Stock Up 2.8%

Shares of IVES traded up $0.82 during trading hours on Wednesday, hitting $30.28. The company had a trading volume of 287,973 shares, compared to its average volume of 743,760. The business has a fifty day moving average of $31.63 and a 200-day moving average of $31.70. The firm has a market cap of $972.59 million, a price-to-earnings ratio of 27.36 and a beta of 2.20. Dan IVES Wedbush AI Revolution ETF has a 12 month low of $25.07 and a 12 month high of $35.25.

Hedge Funds Weigh In On Dan IVES Wedbush AI Revolution ETF

Several institutional investors and hedge funds have recently made changes to their positions in IVES. Federation des caisses Desjardins du Quebec lifted its holdings in Dan IVES Wedbush AI Revolution ETF by 16.7% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 2,685 shares of the company’s stock worth $85,000 after purchasing an additional 385 shares during the last quarter. DAVENPORT & Co LLC increased its position in Dan IVES Wedbush AI Revolution ETF by 2.5% during the 4th quarter. DAVENPORT & Co LLC now owns 18,525 shares of the company’s stock worth $586,000 after buying an additional 455 shares during the period. 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 buying an additional 500 shares during the period. Griffin Asset Management Inc. lifted its holdings in shares of Dan IVES Wedbush AI Revolution ETF by 2.8% during the third quarter. Griffin Asset Management Inc. now owns 21,824 shares of the company’s stock worth $701,000 after buying an additional 600 shares in the last quarter. Finally, CMC Financial Group boosted its position in shares of Dan IVES Wedbush AI Revolution ETF by 2.7% in the fourth quarter. CMC Financial Group now owns 24,769 shares of the company’s stock valued at $783,000 after acquiring an additional 652 shares during the period.

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.