Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Short Interest Up 136.0% in July

by · The Cerbat Gem

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES – Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 535,644 shares, a growth of 136.0% from the July 15th total of 226,945 shares. Currently, 1.9% of the company’s shares are short sold. Based on an average daily volume of 370,839 shares, the days-to-cover ratio is presently 1.4 days.

Dan IVES Wedbush AI Revolution ETF Price Performance

Shares of NYSEARCA IVES traded down $0.29 during mid-day trading on Friday, hitting $39.97. The company’s stock had a trading volume of 401,370 shares, compared to its average volume of 594,823. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 27.36 and a beta of 2.12. Dan IVES Wedbush AI Revolution ETF has a one year low of $26.75 and a one year high of $41.93. The company’s fifty day simple moving average is $37.24 and its 200-day simple moving average is $34.08.

Hedge Funds Weigh In On Dan IVES Wedbush AI Revolution ETF

Several large investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans acquired a new stake in Dan IVES Wedbush AI Revolution ETF during the 4th quarter worth $78,128,000. HighTower Advisors LLC lifted its stake in shares of Dan IVES Wedbush AI Revolution ETF by 157.3% in the 4th quarter. HighTower Advisors LLC now owns 543,805 shares of the company’s stock valued at $17,190,000 after purchasing an additional 332,426 shares during the period. TD Waterhouse Canada Inc. lifted its stake in shares of Dan IVES Wedbush AI Revolution ETF by 342.2% in the 4th quarter. TD Waterhouse Canada Inc. now owns 258,969 shares of the company’s stock valued at $8,181,000 after purchasing an additional 200,404 shares during the period. Concentric Capital Strategies LP boosted its position in shares of Dan IVES Wedbush AI Revolution ETF by 109.2% in the 3rd quarter. Concentric Capital Strategies LP now owns 327,825 shares of the company’s stock worth $10,530,000 after purchasing an additional 171,110 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Dan IVES Wedbush AI Revolution ETF by 1,277.2% in the 4th quarter. Royal Bank of Canada now owns 152,599 shares of the company’s stock worth $4,823,000 after purchasing an additional 141,519 shares during the last quarter.

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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