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

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 3,913 shares, an increase of 359.3% from the May 31st total of 852 shares. Based on an average trading volume of 4,899 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the company’s stock are sold short.

Amplify AI Powered Equity ETF Stock Performance

Shares of NYSEARCA:AIEQ traded up $0.03 during trading on Friday, hitting $48.59. The company’s stock had a trading volume of 7,815 shares, compared to its average volume of 4,875. The company has a market capitalization of $121.48 million, a PE ratio of 26.62 and a beta of 1.17. Amplify AI Powered Equity ETF has a fifty-two week low of $41.82 and a fifty-two week high of $50.31. The stock’s 50-day moving average price is $48.75 and its two-hundred day moving average price is $46.39.

Hedge Funds Weigh In On Amplify AI Powered Equity ETF

A number of institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC acquired a new stake in shares of Amplify AI Powered Equity ETF during the fourth quarter worth approximately $45,000. LPL Financial LLC increased its stake in shares of Amplify AI Powered Equity ETF by 1.1% in the fourth quarter. LPL Financial LLC now owns 201,879 shares of the company’s stock worth $9,114,000 after buying an additional 2,261 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in Amplify AI Powered Equity ETF by 2.6% in the third quarter. Integrated Wealth Concepts LLC now owns 17,179 shares of the company’s stock valued at $771,000 after acquiring an additional 442 shares in the last quarter. Citadel Advisors LLC raised its holdings in Amplify AI Powered Equity ETF by 113.2% in the third quarter. Citadel Advisors LLC now owns 14,677 shares of the company’s stock valued at $659,000 after acquiring an additional 7,793 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Amplify AI Powered Equity ETF during the 2nd quarter valued at $124,000.

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.