Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Sees Significant Drop in Short Interest

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 66,867 shares, a decline of 85.6% from the April 15th total of 463,236 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 546,864 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Dan IVES Wedbush AI Revolution ETF

Several hedge funds and other institutional investors have recently bought and sold shares of IVES. US Bancorp DE acquired a new position in Dan IVES Wedbush AI Revolution ETF during the 3rd quarter worth approximately $29,000. TD Capital Management LLC acquired a new position in Dan IVES Wedbush AI Revolution ETF during the 3rd quarter worth approximately $35,000. Coston McIsaac & Partners lifted its position 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 worth $35,000 after acquiring an additional 755 shares in the last quarter. CWM LLC lifted its position in Dan IVES Wedbush AI Revolution ETF by 177.0% during the 3rd quarter. CWM LLC now owns 1,385 shares of the company’s stock worth $44,000 after acquiring an additional 885 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in Dan IVES Wedbush AI Revolution ETF during the 3rd quarter worth approximately $57,000.

Dan IVES Wedbush AI Revolution ETF Trading Down 1.6%

IVES traded down $0.59 during midday trading on Tuesday, hitting $35.96. The company’s stock had a trading volume of 470,162 shares, compared to its average volume of 634,919. The firm has a market cap of $1.09 billion, a P/E ratio of 27.36 and a beta of 1.97. Dan IVES Wedbush AI Revolution ETF has a 52-week low of $25.07 and a 52-week high of $36.84. The firm has a 50-day moving average price of $30.94 and a two-hundred day moving average price of $31.74.

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.