Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Short Interest Down 75.4% in May

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 4,901 shares, a drop of 75.4% from the May 14th total of 19,921 shares. Based on an average daily trading volume, of 12,674 shares, the short-interest ratio is currently 0.4 days. Approximately 1.0% of the company’s stock are sold short.

Institutional Trading of Amplify Bloomberg AI Value Chain ETF

Several institutional investors have recently added to or reduced their stakes in AIVC. Raymond James Financial Inc. purchased a new position in shares of Amplify Bloomberg AI Value Chain ETF in the 2nd quarter worth $64,000. Osaic Holdings Inc. lifted its position in shares of Amplify Bloomberg AI Value Chain ETF by 177.2% in the second quarter. Osaic Holdings Inc. now owns 1,408 shares of the company’s stock valued at $75,000 after acquiring an additional 900 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Amplify Bloomberg AI Value Chain ETF in the fourth quarter valued at about $190,000. Prime Capital Investment Advisors LLC purchased a new position in shares of Amplify Bloomberg AI Value Chain ETF in the third quarter valued at about $206,000. Finally, Total Clarity Wealth Management Inc. purchased a new position in shares of Amplify Bloomberg AI Value Chain ETF in the first quarter valued at about $227,000.

Amplify Bloomberg AI Value Chain ETF Stock Down 2.1%

AIVC stock opened at $110.08 on Wednesday. Amplify Bloomberg AI Value Chain ETF has a twelve month low of $49.26 and a twelve month high of $124.23. The firm has a market cap of $55.04 million, a PE ratio of 21.80 and a beta of 1.29. The business has a 50 day moving average of $93.59 and a 200 day moving average of $78.28.

About Amplify Bloomberg AI Value Chain ETF

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.