Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Short Interest Up 158.6% in July

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 13,739 shares, an increase of 158.6% from the June 30th total of 5,313 shares. Based on an average trading volume of 24,061 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.2% of the company’s stock are short sold.

Amplify Bloomberg AI Value Chain ETF Stock Performance

Shares of NYSEARCA AIVC traded down $1.14 during mid-day trading on Monday, reaching $100.12. The company had a trading volume of 2,420 shares, compared to its average volume of 12,499. The stock has a fifty day moving average of $109.82 and a two-hundred day moving average of $88.11. The company has a market capitalization of $110.13 million, a price-to-earnings ratio of 21.80 and a beta of 1.28. Amplify Bloomberg AI Value Chain ETF has a 12-month low of $54.09 and a 12-month high of $124.23.

Institutional Investors Weigh In On Amplify Bloomberg AI Value Chain ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Claris Financial LLC purchased a new position in shares of Amplify Bloomberg AI Value Chain ETF during the 4th quarter valued at $493,000. Osaic Holdings Inc. raised its holdings 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 acquiring an additional 900 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Amplify Bloomberg AI Value Chain ETF during the first quarter worth $635,000. Flow Traders U.S. LLC acquired a new stake in Amplify Bloomberg AI Value Chain ETF during the third quarter valued at $650,000. Finally, Total Clarity Wealth Management Inc. acquired a new stake in Amplify Bloomberg AI Value Chain ETF during the first quarter valued at $227,000.

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.