Short Interest in Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Drops By 95.5%

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

Amplify AI Powered Equity ETF Stock Performance

AIEQ stock traded up $0.20 on Tuesday, reaching $50.96. The company’s stock had a trading volume of 5,882 shares, compared to its average volume of 4,649. The firm has a market cap of $123.32 million, a PE ratio of 26.62 and a beta of 1.16. The business has a fifty day simple moving average of $49.65 and a two-hundred day simple moving average of $47.40. Amplify AI Powered Equity ETF has a 12-month low of $41.90 and a 12-month high of $51.18.

Institutional Investors Weigh In On Amplify AI Powered Equity ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC purchased a new stake in shares of Amplify AI Powered Equity ETF in the 4th quarter worth about $38,000. Parallel Advisors LLC bought a new position in Amplify AI Powered Equity ETF in the fourth quarter worth about $45,000. Royal Bank of Canada raised its stake in Amplify AI Powered Equity ETF by 290.3% in the fourth quarter. Royal Bank of Canada now owns 2,373 shares of the company’s stock worth $107,000 after buying an additional 1,765 shares in the last quarter. Raymond James Financial Inc. bought a new position in Amplify AI Powered Equity ETF in the second quarter worth about $124,000. Finally, Citadel Advisors LLC lifted 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 buying an additional 7,793 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.