Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES – Get Free Report) was the target of a large growth in short interest in 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. Based on an average daily trading volume, of 370,839 shares, the short-interest ratio is presently 1.4 days. Approximately 1.9% of the shares of the stock are sold short.
Dan IVES Wedbush AI Revolution ETF Stock Performance
NYSEARCA:IVES traded down $0.29 during mid-day trading on Friday, hitting $39.97. 401,370 shares of the company’s stock traded hands, compared to its average volume of 594,823. The firm’s 50 day simple moving average is $37.30 and its 200 day simple moving average is $34.12. Dan IVES Wedbush AI Revolution ETF has a 1 year low of $26.75 and a 1 year high of $41.93. The company has a market cap of $1.10 billion, a PE ratio of 27.36 and a beta of 2.12.
Institutional Investors Weigh In On Dan IVES Wedbush AI Revolution ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Longitude Cayman Ltd. purchased a new position in Dan IVES Wedbush AI Revolution ETF in the 4th quarter valued at about $4,204,000. O ROURKE & COMPANY Inc grew its holdings in shares of Dan IVES Wedbush AI Revolution ETF by 61.3% during the fourth quarter. O ROURKE & COMPANY Inc now owns 39,028 shares of the company’s stock worth $1,234,000 after buying an additional 14,834 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of Dan IVES Wedbush AI Revolution ETF during the fourth quarter worth about $78,128,000. TD Waterhouse Canada Inc. raised its position in shares of Dan IVES Wedbush AI Revolution ETF by 342.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 258,969 shares of the company’s stock valued at $8,181,000 after buying an additional 200,404 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new position in shares of Dan IVES Wedbush AI Revolution ETF in the first quarter valued at approximately $516,000.
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.
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