Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Sees Significant Increase in Short Interest

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 492 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,913 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Amplify Bloomberg AI Value Chain ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Amplify Bloomberg AI Value Chain ETF during the 2nd quarter valued at about $24,175,000. Envestnet Asset Management Inc. acquired a new position in Amplify Bloomberg AI Value Chain ETF during the 2nd quarter valued at $1,212,000. Claris Financial LLC bought a new stake in shares of Amplify Bloomberg AI Value Chain ETF in the fourth quarter valued at about $493,000. Finally, Total Clarity Wealth Management Inc. bought a new stake in shares of Amplify Bloomberg AI Value Chain ETF in the 1st quarter worth approximately $227,000.

Amplify Bloomberg AI Value Chain ETF Price Performance

Shares of NYSEARCA AIVC traded down $5.62 during mid-day trading on Wednesday, reaching $110.40. 13,031 shares of the company traded hands, compared to its average volume of 11,278. Amplify Bloomberg AI Value Chain ETF has a fifty-two week low of $61.11 and a fifty-two week high of $124.23. The firm has a market cap of $132.48 million, a PE ratio of 21.80 and a beta of 1.30. The stock has a fifty day simple moving average of $113.20 and a 200-day simple moving average of $104.32.

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.