Short Interest in Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Drops By 85.6%

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 66,867 shares, a decrease of 85.6% from the April 15th total of 463,236 shares. Based on an average daily volume of 546,864 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Dan IVES Wedbush AI Revolution ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Federation des caisses Desjardins du Quebec raised its stake in Dan IVES Wedbush AI Revolution ETF by 16.7% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 2,685 shares of the company’s stock valued at $85,000 after acquiring an additional 385 shares during the period. DAVENPORT & Co LLC raised its stake in Dan IVES Wedbush AI Revolution ETF by 2.5% in the 4th quarter. DAVENPORT & Co LLC now owns 18,525 shares of the company’s stock valued at $586,000 after acquiring an additional 455 shares during the period. MADDEN SECURITIES Corp raised its stake in Dan IVES Wedbush AI Revolution ETF by 2.5% in the 4th quarter. MADDEN SECURITIES Corp now owns 20,335 shares of the company’s stock valued at $643,000 after acquiring an additional 500 shares during the period. Lido Advisors LLC boosted its holdings in Dan IVES Wedbush AI Revolution ETF by 3.7% in the 1st quarter. Lido Advisors LLC now owns 14,668 shares of the company’s stock worth $416,000 after buying an additional 527 shares during the period. Finally, CMC Financial Group boosted its holdings in Dan IVES Wedbush AI Revolution ETF by 2.7% in the 4th quarter. CMC Financial Group now owns 24,769 shares of the company’s stock worth $783,000 after buying an additional 652 shares during the period.

Dan IVES Wedbush AI Revolution ETF Stock Performance

NYSEARCA IVES traded up $0.52 on Thursday, hitting $36.99. 436,535 shares of the stock traded hands, compared to its average volume of 630,861. The business’s fifty day moving average is $31.35 and its two-hundred day moving average is $31.81. Dan IVES Wedbush AI Revolution ETF has a 12 month low of $25.07 and a 12 month high of $37.25. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 27.36 and a beta of 2.04.

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.