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

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) saw a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 635 shares, a decline of 17.6% from the February 12th total of 771 shares. Based on an average daily trading volume, of 3,839 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 3,839 shares, the days-to-cover ratio is currently 0.2 days.

Amplify AI Powered Equity ETF Stock Up 0.5%

NYSEARCA:AIEQ opened at $44.56 on Wednesday. The firm has a market capitalization of $114.96 million, a P/E ratio of 26.62 and a beta of 1.16. The company has a fifty day moving average of $45.50 and a 200 day moving average of $45.14. Amplify AI Powered Equity ETF has a 52 week low of $31.27 and a 52 week high of $46.63.

Amplify AI Powered Equity ETF Announces Dividend

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

Institutional Trading of Amplify AI Powered Equity ETF

Several large investors have recently modified their holdings of AIEQ. Kestra Advisory Services LLC purchased a new position in Amplify AI Powered Equity ETF during the 4th quarter valued at about $38,000. Parallel Advisors LLC purchased a new stake in Amplify AI Powered Equity ETF in the 4th quarter worth approximately $45,000. Royal Bank of Canada grew its position in shares of Amplify AI Powered Equity ETF by 290.3% in the 4th 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 during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Amplify AI Powered Equity ETF in the 2nd quarter worth approximately $124,000. Finally, Citadel Advisors LLC increased its stake 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 buying an additional 7,793 shares during the period.

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.