Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Short Interest Update

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 462,801 shares, an increase of 295.6% from the December 31st total of 116,980 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily volume of 832,641 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 832,641 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE acquired a new stake in Dan IVES Wedbush AI Revolution ETF in the third quarter valued at approximately $29,000. JFS Wealth Advisors LLC purchased a new position in Dan IVES Wedbush AI Revolution ETF during the 2nd quarter valued at about $35,000. TD Capital Management LLC acquired a new position in Dan IVES Wedbush AI Revolution ETF in the third quarter worth approximately $35,000. 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 during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Dan IVES Wedbush AI Revolution ETF during the third quarter worth about $57,000.

Dan IVES Wedbush AI Revolution ETF Stock Performance

IVES traded down $0.94 during trading on Friday, reaching $32.19. 741,006 shares of the company traded hands, compared to its average volume of 755,552. The firm has a fifty day simple moving average of $32.32 and a 200 day simple moving average of $31.23. The company has a market cap of $1.02 billion, a P/E ratio of 27.36 and a beta of 2.20. Dan IVES Wedbush AI Revolution ETF has a 12-month low of $25.07 and a 12-month high of $35.25.

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.