Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Short Interest Up 136.0% in July

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 535,644 shares, a growth of 136.0% from the July 15th total of 226,945 shares. Currently, 1.9% of the company’s shares are short sold. Based on an average daily volume of 370,839 shares, the days-to-cover ratio is presently 1.4 days.

Dan IVES Wedbush AI Revolution ETF Price Performance

Shares of NYSEARCA IVES traded down $0.29 during mid-day trading on Friday, hitting $39.97. The company’s stock had a trading volume of 401,370 shares, compared to its average volume of 594,823. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 27.36 and a beta of 2.12. Dan IVES Wedbush AI Revolution ETF has a one year low of $26.75 and a one year high of $41.93. The company’s fifty day simple moving average is $37.24 and its 200-day simple moving average is $34.08.

Hedge Funds Weigh In On Dan IVES Wedbush AI Revolution ETF

Several large investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans acquired a new stake in Dan IVES Wedbush AI Revolution ETF during the 4th quarter worth $78,128,000. HighTower Advisors LLC lifted its stake in shares of Dan IVES Wedbush AI Revolution ETF by 157.3% in the 4th quarter. HighTower Advisors LLC now owns 543,805 shares of the company’s stock valued at $17,190,000 after purchasing an additional 332,426 shares during the period. TD Waterhouse Canada Inc. lifted its stake in shares of Dan IVES Wedbush AI Revolution ETF by 342.2% in the 4th quarter. TD Waterhouse Canada Inc. now owns 258,969 shares of the company’s stock valued at $8,181,000 after purchasing an additional 200,404 shares during the period. Concentric Capital Strategies LP boosted its position in shares of Dan IVES Wedbush AI Revolution ETF by 109.2% in the 3rd quarter. Concentric Capital Strategies LP now owns 327,825 shares of the company’s stock worth $10,530,000 after purchasing an additional 171,110 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Dan IVES Wedbush AI Revolution ETF by 1,277.2% in the 4th quarter. Royal Bank of Canada now owns 152,599 shares of the company’s stock worth $4,823,000 after purchasing an additional 141,519 shares during the last quarter.

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.