Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Short Interest Update

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 3,786 shares, a growth of 2,623.7% from the September 15th total of 139 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 12,582 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Amplify AI Powered Equity ETF

A hedge fund recently raised its stake in Amplify AI Powered Equity ETF stock. Wellington Altus USA Inc. lifted its position in Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) by 161.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,750 shares of the company’s stock after purchasing an additional 1,700 shares during the quarter. Wellington Altus USA Inc. owned about 0.14% of Amplify AI Powered Equity ETF worth $136,000 at the end of the most recent quarter.

Amplify AI Powered Equity ETF Stock Performance

AIEQ stock traded up $0.23 during midday trading on Friday, reaching $50.25. 2,125 shares of the company’s stock traded hands, compared to its average volume of 4,868. The firm has a market capitalization of $115.58 million, a PE ratio of 26.62 and a beta of 1.17. The company has a 50-day moving average price of $50.20 and a two-hundred day moving average price of $48.83. Amplify AI Powered Equity ETF has a 52 week low of $41.90 and a 52 week high of $51.56.

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.