Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Short Interest Up 145.5% in May

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 164,170 shares, an increase of 145.5% from the April 30th total of 66,867 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 518,477 shares, the short-interest ratio is currently 0.3 days.

Dan IVES Wedbush AI Revolution ETF Trading Up 3.1%

Shares of Dan IVES Wedbush AI Revolution ETF stock opened at $40.14 on Friday. The company has a 50-day moving average of $32.92 and a two-hundred day moving average of $32.07. Dan IVES Wedbush AI Revolution ETF has a 12-month low of $25.07 and a 12-month high of $40.15. The stock has a market cap of $1.22 billion, a PE ratio of 27.36 and a beta of 2.21.

Hedge Funds Weigh In On Dan IVES Wedbush AI Revolution ETF

Hedge funds have recently bought and sold shares of the company. Brown Advisory Inc. purchased a new stake in Dan IVES Wedbush AI Revolution ETF during the second quarter worth $479,000. Snowden Capital Advisors LLC purchased a new position in shares of Dan IVES Wedbush AI Revolution ETF in the second quarter valued at $675,000. TD Waterhouse Canada Inc. acquired a new position in shares of Dan IVES Wedbush AI Revolution ETF during the 3rd quarter worth $1,910,000. Mutual Advisors LLC acquired a new position in shares of Dan IVES Wedbush AI Revolution ETF during the 3rd quarter worth $498,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of Dan IVES Wedbush AI Revolution ETF by 159.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 84,584 shares of the company’s stock worth $2,717,000 after buying an additional 51,924 shares in the last quarter.

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.