Short Interest in Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Declines By 84.8%

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVCGet Free Report) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 2,318 shares, a drop of 84.8% from the August 15th total of 15,245 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 11,354 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Amplify Bloomberg AI Value Chain ETF

Several hedge funds have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Amplify Bloomberg AI Value Chain ETF during the 2nd quarter worth about $24,175,000. Total Clarity Wealth Management Inc. acquired a new stake in Amplify Bloomberg AI Value Chain ETF during the first quarter worth approximately $227,000. Claris Financial LLC acquired a new stake in Amplify Bloomberg AI Value Chain ETF during the fourth quarter worth approximately $493,000. Kestra Advisory Services LLC bought a new stake in shares of Amplify Bloomberg AI Value Chain ETF during the fourth quarter worth approximately $190,000. Finally, Jane Street Group LLC grew its position in shares of Amplify Bloomberg AI Value Chain ETF by 5.8% in the fourth quarter. Jane Street Group LLC now owns 42,081 shares of the company’s stock valued at $2,853,000 after purchasing an additional 2,297 shares during the last quarter.

Amplify Bloomberg AI Value Chain ETF Stock Up 1.5%

Shares of NYSEARCA AIVC traded up $1.68 during trading hours on Friday, hitting $111.42. The company had a trading volume of 603 shares, compared to its average volume of 11,827. The firm’s 50 day moving average is $108.40 and its 200-day moving average is $97.22. Amplify Bloomberg AI Value Chain ETF has a 1-year low of $61.11 and a 1-year high of $124.23. The stock has a market capitalization of $122.56 million, a P/E ratio of 21.80 and a beta of 1.30.

Amplify Bloomberg AI Value Chain ETF Company Profile

(Get Free Report)

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.

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