Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Sees Significant Growth in Short Interest

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 13,739 shares, a growth of 158.6% from the June 30th total of 5,313 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 24,061 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Amplify Bloomberg AI Value Chain ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AIVC. Osaic Holdings Inc. boosted its position in shares of Amplify Bloomberg AI Value Chain ETF by 177.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,408 shares of the company’s stock valued at $75,000 after purchasing an additional 900 shares during the period. Raymond James Financial Inc. acquired a new position in Amplify Bloomberg AI Value Chain ETF during the second quarter worth approximately $64,000. Jane Street Group LLC lifted its stake in Amplify Bloomberg AI Value Chain ETF by 5.8% in the fourth quarter. Jane Street Group LLC now owns 42,081 shares of the company’s stock valued at $2,853,000 after buying an additional 2,297 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in Amplify Bloomberg AI Value Chain ETF in the fourth quarter valued at approximately $190,000. Finally, Total Clarity Wealth Management Inc. acquired a new stake in shares of Amplify Bloomberg AI Value Chain ETF in the first quarter valued at approximately $227,000.

Amplify Bloomberg AI Value Chain ETF Stock Performance

Shares of AIVC stock traded down $2.87 on Wednesday, reaching $94.60. 7,946 shares of the company were exchanged, compared to its average volume of 12,467. Amplify Bloomberg AI Value Chain ETF has a 1 year low of $54.09 and a 1 year high of $124.23. The business has a 50-day moving average price of $109.87 and a 200 day moving average price of $88.51. The company has a market cap of $104.06 million, a price-to-earnings ratio of 21.80 and a beta of 1.28.

Amplify Bloomberg AI Value Chain ETF Company Profile

The Amplify Bloomberg AI Value Chain ETF (AIVC) is an exchange-traded fund that is based on the Bloomberg AI Value Chain NR index. The fund is passively managed to invest in an equal-weighted portfolio of companies from around the globe engaged in cloud computing, AI hardware, and semiconductors. AIVC was launched on Mar 8, 2016 and is issued by Amplify Investments.