Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Sees Large Drop in Short Interest

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 242 shares, a decline of 95.5% from the July 15th total of 5,417 shares. Based on an average trading volume of 2,935 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Amplify AI Powered Equity ETF Stock Down 0.0%

NYSEARCA AIEQ traded down $0.02 on Wednesday, hitting $50.94. The company’s stock had a trading volume of 1,244 shares, compared to its average volume of 4,624. The company’s 50-day moving average is $49.65 and its 200 day moving average is $47.40. The firm has a market cap of $123.27 million, a PE ratio of 26.62 and a beta of 1.16. Amplify AI Powered Equity ETF has a 1-year low of $41.90 and a 1-year high of $51.18.

Hedge Funds Weigh In On Amplify AI Powered Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. LPL Financial LLC lifted its position in shares of Amplify AI Powered Equity ETF by 1.1% in the 4th quarter. LPL Financial LLC now owns 201,879 shares of the company’s stock worth $9,114,000 after purchasing an additional 2,261 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of Amplify AI Powered Equity ETF by 2.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 17,179 shares of the company’s stock worth $771,000 after acquiring an additional 442 shares in the last quarter. Citadel Advisors LLC increased its holdings in Amplify AI Powered Equity ETF by 113.2% in the third quarter. Citadel Advisors LLC now owns 14,677 shares of the company’s stock worth $659,000 after purchasing an additional 7,793 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Amplify AI Powered Equity ETF during the 2nd quarter valued at $124,000. Finally, Royal Bank of Canada raised its holdings in shares of Amplify AI Powered Equity ETF by 290.3% during the fourth quarter. Royal Bank of Canada now owns 2,373 shares of the company’s stock valued at $107,000 after purchasing an additional 1,765 shares during the period.

Amplify AI Powered Equity ETF Company Profile

The AI Powered Equity ETF (AIEQ) is an exchange-traded fund that is based on the S&P Total Market index. The fund is an actively-managed fund of US stocks selected by a proprietary, quantitative model that incorporates artificial intelligence (AI). AIEQ was launched on Oct 17, 2017 and is managed by ETF Managers Group.