Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Sees Significant Decrease in Short Interest

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 301,179 shares, a decrease of 43.8% from the July 30th total of 535,644 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 322,677 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. US Bancorp DE bought a new stake in shares of Dan IVES Wedbush AI Revolution ETF in the 3rd quarter worth approximately $29,000. Versant Capital Management Inc acquired a new position in Dan IVES Wedbush AI Revolution ETF in the second quarter worth approximately $39,000. Coston McIsaac & Partners grew its position in Dan IVES Wedbush AI Revolution ETF by 203.5% in the fourth quarter. Coston McIsaac & Partners now owns 1,126 shares of the company’s stock worth $35,000 after buying an additional 755 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Dan IVES Wedbush AI Revolution ETF in the third quarter valued at $57,000. Finally, Tripletail Wealth Management LLC bought a new position in shares of Dan IVES Wedbush AI Revolution ETF in the fourth quarter valued at $66,000.

Dan IVES Wedbush AI Revolution ETF Stock Down 0.9%

NYSEARCA IVES traded down $0.34 on Friday, reaching $39.41. 492,480 shares of the stock traded hands, compared to its average volume of 571,785. Dan IVES Wedbush AI Revolution ETF has a 12 month low of $26.92 and a 12 month high of $41.93. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 27.36 and a beta of 2.12. The firm’s fifty day simple moving average is $37.56 and its 200 day simple moving average is $34.60.

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.