Short Interest in Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Rises By 47.9%

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 659,300 shares, a growth of 47.9% from the September 15th total of 445,700 shares. Based on an average daily volume of 780,100 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 780,100 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On Dan IVES Wedbush AI Revolution ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Albion Financial Group UT acquired a new position in Dan IVES Wedbush AI Revolution ETF during the 2nd quarter worth approximately $27,000. JFS Wealth Advisors LLC acquired a new position in Dan IVES Wedbush AI Revolution ETF during the 2nd quarter worth approximately $35,000. CWM LLC increased 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 purchasing an additional 885 shares during the period. PNC Financial Services Group Inc. acquired a new position in Dan IVES Wedbush AI Revolution ETF during the 2nd quarter worth approximately $155,000. Finally, IAM Advisory LLC acquired a new position in Dan IVES Wedbush AI Revolution ETF during the 3rd quarter worth approximately $207,000.

Dan IVES Wedbush AI Revolution ETF Trading Down 1.5%

NYSEARCA IVES opened at $32.74 on Thursday. The business’s 50 day moving average is $30.83 and its two-hundred day moving average is $35.12. Dan IVES Wedbush AI Revolution ETF has a 12-month low of $25.07 and a 12-month high of $33.99. The stock has a market capitalization of $887.91 million, a price-to-earnings ratio of 27.36 and a beta of 1.74.

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.