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

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVESGet Free Report) was the target of a large growth in short interest in 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. Approximately 0.9% of the company’s stock are short sold. Based on an average trading volume of 514,108 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IVES. PNC Financial Services Group Inc. bought a new stake in Dan IVES Wedbush AI Revolution ETF during the 2nd quarter worth about $155,000. Cetera Investment Advisers bought a new position in shares of Dan IVES Wedbush AI Revolution ETF in the 2nd quarter valued at about $2,117,000. Brown Advisory Inc. acquired a new stake in shares of Dan IVES Wedbush AI Revolution ETF in the second quarter valued at about $479,000. Garden State Investment Advisory Services LLC acquired a new stake in shares of Dan IVES Wedbush AI Revolution ETF in the second quarter valued at about $589,000. Finally, Snowden Capital Advisors LLC bought a new stake in Dan IVES Wedbush AI Revolution ETF during the second quarter worth about $675,000.

Dan IVES Wedbush AI Revolution ETF Trading Down 2.9%

Shares of NYSEARCA IVES opened at $27.50 on Friday. The company has a fifty day moving average price of $30.67 and a 200 day moving average price of $31.87. The firm has a market cap of $883.30 million, a PE ratio of 27.36 and a beta of 2.20. Dan IVES Wedbush AI Revolution ETF has a 1-year low of $25.07 and a 1-year high of $35.25.

About Dan IVES Wedbush AI Revolution ETF

(Get Free Report)

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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