Short Interest in Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Increases By 178.4%

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 852 shares, a growth of 178.4% from the May 14th total of 306 shares. Based on an average daily volume of 5,978 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Amplify AI Powered Equity ETF Stock Performance

Shares of NYSEARCA AIEQ traded up $0.25 during trading on Friday, hitting $49.16. 6,632 shares of the company traded hands, compared to its average volume of 4,811. The business’s fifty day moving average is $47.87 and its 200 day moving average is $46.09. Amplify AI Powered Equity ETF has a fifty-two week low of $40.61 and a fifty-two week high of $50.31. The firm has a market capitalization of $122.90 million, a price-to-earnings ratio of 26.62 and a beta of 1.17.

Hedge Funds Weigh In On Amplify AI Powered Equity ETF

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

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.