Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Short Interest Down 68.0% in January

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 148,086 shares, a drop of 68.0% from the January 15th total of 462,801 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 683,912 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 683,912 shares, the short-interest ratio is presently 0.2 days. Currently, 0.5% of the shares of the stock are sold short.

Dan IVES Wedbush AI Revolution ETF Trading Down 0.6%

NYSEARCA IVES traded down $0.20 on Wednesday, reaching $30.95. The company’s stock had a trading volume of 778,232 shares, compared to its average volume of 812,765. 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 market cap of $994.11 million, a PE ratio of 27.36 and a beta of 2.20. The business has a 50-day moving average price of $32.23 and a 200 day moving average price of $31.47.

Hedge Funds Weigh In On Dan IVES Wedbush AI Revolution ETF

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

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.