Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Sees Large Increase in Short Interest

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 3,556 shares, a growth of 896.1% from the November 30th total of 357 shares. Based on an average daily volume of 3,777 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 3,777 shares, the days-to-cover ratio is presently 0.9 days.

Amplify AI Powered Equity ETF Stock Performance

Amplify AI Powered Equity ETF stock traded up $0.15 during midday trading on Thursday, reaching $45.90. The company’s stock had a trading volume of 2,876 shares, compared to its average volume of 5,858. Amplify AI Powered Equity ETF has a fifty-two week low of $31.27 and a fifty-two week high of $46.63. The firm has a market capitalization of $120.26 million, a PE ratio of 26.62 and a beta of 1.16. The stock’s 50 day simple moving average is $45.07 and its 200 day simple moving average is $43.97.

Institutional Investors Weigh In On Amplify AI Powered Equity ETF

A number of institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Amplify AI Powered Equity ETF during the second quarter worth $124,000. Arkadios Wealth Advisors acquired a new stake in shares of Amplify AI Powered Equity ETF during the second quarter worth $221,000. Citadel Advisors LLC raised its holdings 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 worth $659,000 after purchasing an additional 7,793 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its position in shares of Amplify AI Powered Equity ETF by 2.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 17,179 shares of the company’s stock worth $771,000 after buying an additional 442 shares during the last quarter.

Amplify AI Powered Equity ETF Company Profile

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.