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

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) saw a significant decline in short interest in January. As of January 15th, there was short interest totaling 1,682 shares, a decline of 57.9% from the December 31st total of 3,999 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 8,284 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 8,284 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Amplify AI Powered Equity ETF Price Performance

Shares of AIEQ stock traded down $0.08 during trading hours on Thursday, reaching $45.75. 4,841 shares of the company traded hands, compared to its average volume of 6,839. The firm has a 50-day moving average price of $45.28 and a 200 day moving average price of $44.63. The company has a market cap of $118.04 million, a P/E ratio of 26.62 and a beta of 1.16. Amplify AI Powered Equity ETF has a 12-month low of $31.27 and a 12-month high of $46.63.

Amplify AI Powered Equity ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were paid a dividend of $0.1943 per share. The ex-dividend date was Tuesday, December 30th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.7%.

Institutional Investors Weigh In On Amplify AI Powered Equity ETF

A number of institutional investors have recently bought and sold shares of the business. Arkadios Wealth Advisors purchased a new position in shares of Amplify AI Powered Equity ETF in the second quarter valued at about $221,000. Integrated Wealth Concepts LLC lifted its holdings in Amplify AI Powered Equity ETF by 2.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 17,179 shares of the company’s stock worth $771,000 after purchasing an additional 442 shares in the last quarter. Citadel Advisors LLC lifted its holdings in Amplify AI Powered Equity ETF by 113.2% in the 3rd quarter. Citadel Advisors LLC now owns 14,677 shares of the company’s stock worth $659,000 after purchasing an additional 7,793 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Amplify AI Powered Equity ETF in the 2nd quarter worth approximately $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.