Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Sees Large Decline in Short Interest

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 311 shares, a decrease of 14.8% from the February 26th total of 365 shares. Based on an average daily volume of 1,821 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Amplify Bloomberg AI Value Chain ETF Stock Down 3.6%

NYSEARCA:AIVC opened at $65.67 on Tuesday. The company has a market cap of $32.84 million, a P/E ratio of 21.80 and a beta of 1.07. The firm’s 50 day moving average is $71.34 and its two-hundred day moving average is $68.78. Amplify Bloomberg AI Value Chain ETF has a fifty-two week low of $35.69 and a fifty-two week high of $75.83.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AIVC. Spire Wealth Management grew its position in Amplify Bloomberg AI Value Chain ETF by 23.4% during the third quarter. Spire Wealth Management now owns 1,053 shares of the company’s stock valued at $67,000 after acquiring an additional 200 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Amplify Bloomberg AI Value Chain ETF in the 2nd quarter valued at about $64,000. Osaic Holdings Inc. grew its holdings in shares of Amplify Bloomberg AI Value Chain ETF by 177.2% during the 2nd quarter. Osaic Holdings Inc. now owns 1,408 shares of the company’s stock worth $75,000 after purchasing an additional 900 shares during the period. Kestra Advisory Services LLC acquired a new stake in Amplify Bloomberg AI Value Chain ETF during the 4th quarter worth approximately $190,000. Finally, Prime Capital Investment Advisors LLC acquired a new stake in Amplify Bloomberg AI Value Chain ETF during the 3rd quarter worth approximately $206,000.

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.