Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Sees Large Increase in Short Interest

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) saw a significant increase in short interest during 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. Approximately 1.5% of the shares of the company are sold short. Based on an average trading volume of 832,641 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 832,641 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.5% of the shares of the company are sold short.

Dan IVES Wedbush AI Revolution ETF Trading Up 1.1%

IVES stock traded up $0.37 during trading on Wednesday, reaching $33.70. The stock had a trading volume of 225,058 shares, compared to its average volume of 711,076. The stock’s 50 day moving average is $32.22 and its two-hundred day moving average is $31.20. The firm has a market cap of $1.07 billion, a PE ratio of 27.36 and a beta of 2.20. Dan IVES Wedbush AI Revolution ETF has a 52 week low of $25.07 and a 52 week high of $35.25.

Institutional Trading of Dan IVES Wedbush AI Revolution ETF

Large investors have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. raised its position in Dan IVES Wedbush AI Revolution ETF by 342.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 258,969 shares of the company’s stock worth $8,181,000 after acquiring an additional 200,404 shares during the period. Krilogy Financial LLC grew its position in shares of Dan IVES Wedbush AI Revolution ETF by 3.8% during the 4th quarter. Krilogy Financial LLC now owns 40,575 shares of the company’s stock valued at $1,330,000 after acquiring an additional 1,476 shares during the period. Institute for Wealth Management LLC. purchased a new stake in shares of Dan IVES Wedbush AI Revolution ETF in the 4th quarter worth $244,000. Pennsylvania Capital Management Inc. ADV raised its holdings in Dan IVES Wedbush AI Revolution ETF by 210.2% in the 4th quarter. Pennsylvania Capital Management Inc. ADV now owns 37,859 shares of the company’s stock worth $1,197,000 after purchasing an additional 25,654 shares during the period. Finally, CWM LLC raised its holdings in Dan IVES Wedbush AI Revolution ETF by 140.4% in the 4th quarter. CWM LLC now owns 3,330 shares of the company’s stock worth $105,000 after purchasing an additional 1,945 shares during the period.

Dan IVES Wedbush AI Revolution ETF Company Profile

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.