Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Short Interest Up 145.5% in May

by · The Cerbat Gem

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES – Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 164,170 shares, an increase of 145.5% from the April 30th total of 66,867 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 518,477 shares, the short-interest ratio is presently 0.3 days.

Dan IVES Wedbush AI Revolution ETF Price Performance

Dan IVES Wedbush AI Revolution ETF stock traded up $1.59 during mid-day trading on Monday, reaching $41.73. The stock had a trading volume of 990,239 shares, compared to its average volume of 622,886. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 27.36 and a beta of 2.59. The company has a 50-day moving average price of $33.16 and a two-hundred day moving average price of $32.12. Dan IVES Wedbush AI Revolution ETF has a one year low of $25.07 and a one year high of $41.93.

Hedge Funds Weigh In On Dan IVES Wedbush AI Revolution ETF

Hedge funds have recently bought and sold shares of the company. Thrivent Financial for Lutherans bought a new position in Dan IVES Wedbush AI Revolution ETF during the 4th quarter valued at about $78,128,000. Wedbush Securities Inc. lifted its stake in Dan IVES Wedbush AI Revolution ETF by 15.8% during the 4th quarter. Wedbush Securities Inc. now owns 814,241 shares of the company’s stock valued at $25,738,000 after acquiring an additional 110,835 shares during the period. HighTower Advisors LLC lifted its stake in Dan IVES Wedbush AI Revolution ETF by 157.3% during the 4th quarter. HighTower Advisors LLC now owns 543,805 shares of the company’s stock valued at $17,190,000 after acquiring an additional 332,426 shares during the period. Concentric Capital Strategies LP lifted its stake in Dan IVES Wedbush AI Revolution ETF by 109.2% during the 3rd quarter. Concentric Capital Strategies LP now owns 327,825 shares of the company’s stock valued at $10,530,000 after acquiring an additional 171,110 shares during the period. Finally, First Heartland Consultants Inc. lifted its stake in Dan IVES Wedbush AI Revolution ETF by 63.0% during the 4th quarter. First Heartland Consultants Inc. now owns 322,364 shares of the company’s stock valued at $10,190,000 after acquiring an additional 124,643 shares during the period.

Dan IVES Wedbush AI Revolution ETF Company Profile

(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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