Short Interest in Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Increases By 1,211.5%

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 19,921 shares, an increase of 1,211.5% from the April 30th total of 1,519 shares. Approximately 4.0% of the company’s stock are short sold. Based on an average daily volume of 15,246 shares, the short-interest ratio is currently 1.3 days.

Institutional Investors Weigh In On Amplify Bloomberg AI Value Chain ETF

A number of hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of Amplify Bloomberg AI Value Chain ETF in the 2nd quarter valued at approximately $64,000. Osaic Holdings Inc. grew its position in shares of Amplify Bloomberg AI Value Chain ETF by 177.2% during the second quarter. Osaic Holdings Inc. now owns 1,408 shares of the company’s stock worth $75,000 after buying an additional 900 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Amplify Bloomberg AI Value Chain ETF during the fourth quarter worth approximately $190,000. Prime Capital Investment Advisors LLC bought a new stake in shares of Amplify Bloomberg AI Value Chain ETF in the third quarter worth $206,000. Finally, Total Clarity Wealth Management Inc. bought a new stake in shares of Amplify Bloomberg AI Value Chain ETF in the first quarter worth $227,000.

Amplify Bloomberg AI Value Chain ETF Price Performance

Shares of Amplify Bloomberg AI Value Chain ETF stock opened at $107.92 on Thursday. Amplify Bloomberg AI Value Chain ETF has a 1-year low of $45.80 and a 1-year high of $108.61. The company has a market capitalization of $53.96 million, a PE ratio of 21.80 and a beta of 1.22. The business has a 50-day moving average of $85.56 and a 200-day moving average of $75.21.

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.