Short Interest in Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Expands By 295.6%

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

Dan IVES Wedbush AI Revolution ETF Stock Performance

Shares of NYSEARCA:IVES traded down $0.91 during midday trading on Friday, reaching $32.22. The company had a trading volume of 741,644 shares, compared to its average volume of 758,102. The company has a fifty day simple moving average of $32.32 and a two-hundred day simple moving average of $31.23. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 27.36 and a beta of 2.20. Dan IVES Wedbush AI Revolution ETF has a 1-year low of $25.07 and a 1-year high of $35.25.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in IVES. US Bancorp DE acquired a new position in Dan IVES Wedbush AI Revolution ETF during the third quarter valued at $29,000. TD Capital Management LLC bought a new stake in Dan IVES Wedbush AI Revolution ETF in the third quarter worth approximately $35,000. JFS Wealth Advisors LLC acquired a new position in Dan IVES Wedbush AI Revolution ETF during the second quarter worth $35,000. CWM LLC increased its holdings in shares of 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 valued at $44,000 after acquiring an additional 885 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in Dan IVES Wedbush AI Revolution ETF during the third quarter valued at approximately $57,000.

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.