Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Short Interest Up 201.2% in February

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 771 shares, an increase of 201.2% from the January 29th total of 256 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 3,573 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 3,573 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Amplify AI Powered Equity ETF Trading Down 0.8%

AIEQ traded down $0.38 on Thursday, hitting $45.76. 1,462 shares of the company’s stock traded hands, compared to its average volume of 5,210. The company’s 50 day simple moving average is $45.65 and its 200-day simple moving average is $45.02. Amplify AI Powered Equity ETF has a one year low of $31.27 and a one year high of $46.63. The firm has a market cap of $118.06 million, a price-to-earnings ratio of 26.62 and a beta of 1.16.

Amplify AI Powered Equity ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were given a dividend of $0.1943 per share. The ex-dividend date was Tuesday, December 30th. This represents a $0.78 annualized dividend and a dividend yield of 1.7%.

Hedge Funds Weigh In On Amplify AI Powered Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arkadios Wealth Advisors bought a new stake in Amplify AI Powered Equity ETF in the 2nd quarter valued at $221,000. Raymond James Financial Inc. bought a new position in shares of Amplify AI Powered Equity ETF during the 2nd quarter valued at about $124,000. Citadel Advisors LLC grew its position in shares of Amplify AI Powered Equity ETF by 113.2% during the third quarter. Citadel Advisors LLC now owns 14,677 shares of the company’s stock valued at $659,000 after purchasing an additional 7,793 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Amplify AI Powered Equity ETF by 2.6% in the third quarter. Integrated Wealth Concepts LLC now owns 17,179 shares of the company’s stock worth $771,000 after purchasing an additional 442 shares during the last quarter. Finally, Parallel Advisors LLC bought a new stake in shares of Amplify AI Powered Equity ETF in the fourth quarter worth about $45,000.

About Amplify AI Powered Equity ETF

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.