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 drop in short interest in the month of December. As of December 15th, there was short interest totaling 251,572 shares, a drop of 31.5% from the November 30th total of 366,995 shares. Based on an average daily trading volume, of 773,094 shares, the short-interest ratio is currently 0.3 days. Currently, 0.8% of the company’s shares are short sold. Currently, 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 773,094 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Dan IVES Wedbush AI Revolution ETF

Large investors have recently added to or reduced their stakes in the business. Griffin Asset Management Inc. grew its stake in shares of Dan IVES Wedbush AI Revolution ETF by 2.8% in the third quarter. Griffin Asset Management Inc. now owns 21,824 shares of the company’s stock worth $701,000 after acquiring an additional 600 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in Dan IVES Wedbush AI Revolution ETF by 43.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,655 shares of the company’s stock worth $85,000 after purchasing an additional 805 shares during the period. CWM LLC raised its position in Dan IVES Wedbush AI Revolution ETF by 177.0% in the 3rd quarter. CWM LLC now owns 1,385 shares of the company’s stock valued at $44,000 after purchasing an additional 885 shares in the last quarter. US Bancorp DE acquired a new stake in Dan IVES Wedbush AI Revolution ETF in the 3rd quarter valued at about $29,000. Finally, Albion Financial Group UT purchased a new position in shares of Dan IVES Wedbush AI Revolution ETF in the 2nd quarter valued at about $27,000.

Dan IVES Wedbush AI Revolution ETF Price Performance

Shares of IVES stock traded down $0.32 on Wednesday, hitting $31.61. The stock had a trading volume of 424,384 shares, compared to its average volume of 884,906. The company’s 50 day moving average price is $32.57 and its 200-day moving average price is $30.38. Dan IVES Wedbush AI Revolution ETF has a 1 year low of $25.07 and a 1 year high of $35.25. The firm has a market capitalization of $936.92 million, a P/E ratio of 27.36 and a beta of 2.20.

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.