Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES – Get Free Report) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 424,515 shares, a growth of 113.5% from the May 31st total of 198,869 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average daily trading volume, of 825,657 shares, the days-to-cover ratio is presently 0.5 days.
Dan IVES Wedbush AI Revolution ETF Price Performance
NYSEARCA IVES opened at $37.33 on Tuesday. The firm’s fifty day moving average price is $36.46 and its 200 day moving average price is $32.92. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 27.36 and a beta of -2.48. Dan IVES Wedbush AI Revolution ETF has a 12 month low of $26.37 and a 12 month high of $41.93.
Hedge Funds Weigh In On Dan IVES Wedbush AI Revolution ETF
Several hedge funds have recently made changes to their positions in the company. Federation des caisses Desjardins du Quebec increased its position in Dan IVES Wedbush AI Revolution ETF by 16.7% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,685 shares of the company’s stock worth $85,000 after buying an additional 385 shares during the period. DAVENPORT & Co LLC boosted its holdings in shares of Dan IVES Wedbush AI Revolution ETF by 2.5% in the fourth 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 boosted its holdings in shares of Dan IVES Wedbush AI Revolution ETF by 2.5% in the fourth 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 shares of Dan IVES Wedbush AI Revolution ETF by 3.7% in the first quarter. Lido Advisors LLC now owns 14,668 shares of the company’s stock valued at $416,000 after acquiring an additional 527 shares during the period. Finally, CMC Financial Group grew its position in shares of Dan IVES Wedbush AI Revolution ETF by 2.7% during the fourth quarter. CMC Financial Group now owns 24,769 shares of the company’s stock worth $783,000 after acquiring an additional 652 shares during 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.
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