Short Interest in Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Declines By 52.8%

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 201 shares, a decrease of 52.8% from the August 15th total of 426 shares. Based on an average trading volume of 3,795 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Amplify AI Powered Equity ETF

A number of hedge funds have recently added to or reduced their stakes in AIEQ. Parallel Advisors LLC raised its position in shares of Amplify AI Powered Equity ETF by 39.8% in the 1st quarter. Parallel Advisors LLC now owns 1,404 shares of the company’s stock valued at $61,000 after buying an additional 400 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Amplify AI Powered Equity ETF by 2.6% during the 3rd 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. Kestra Advisory Services LLC acquired a new stake in shares of Amplify AI Powered Equity ETF during the 4th quarter worth approximately $38,000. Royal Bank of Canada increased its stake in Amplify AI Powered Equity ETF by 290.3% in the fourth quarter. Royal Bank of Canada now owns 2,373 shares of the company’s stock valued at $107,000 after acquiring an additional 1,765 shares during the last quarter. Finally, LPL Financial LLC increased its stake in 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 valued at $9,114,000 after acquiring an additional 2,261 shares during the last quarter.

Amplify AI Powered Equity ETF Stock Performance

NYSEARCA AIEQ opened at $49.93 on Monday. Amplify AI Powered Equity ETF has a 1-year low of $41.90 and a 1-year high of $51.56. The company has a 50 day moving average of $50.27 and a 200-day moving average of $48.19. The company has a market cap of $120.83 million, a price-to-earnings ratio of 26.62 and a beta of 1.16.

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.