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

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 201 shares, a decline of 52.8% from the August 15th total of 426 shares. Based on an average daily volume of 3,795 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Amplify AI Powered Equity ETF Stock Down 0.3%

Shares of NYSEARCA:AIEQ traded down $0.16 on Wednesday, reaching $49.23. 5,554 shares of the company’s stock were exchanged, compared to its average volume of 4,469. The firm has a market capitalization of $98.95 million, a price-to-earnings ratio of 26.62 and a beta of 1.16. Amplify AI Powered Equity ETF has a fifty-two week low of $41.90 and a fifty-two week high of $51.56. The business’s 50-day moving average is $50.26 and its two-hundred day moving average is $48.24.

Institutional Investors Weigh In On Amplify AI Powered Equity ETF

An institutional investor recently raised its stake in Amplify AI Powered Equity ETF stock. Parallel Advisors LLC raised its stake in Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) by 39.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,404 shares of the company’s stock after acquiring an additional 400 shares during the period. Parallel Advisors LLC owned 0.06% of Amplify AI Powered Equity ETF worth $61,000 as of its most recent SEC filing.

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.