Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Short Interest Up 201.2% in February

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) was the recipient of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 771 shares, an increase of 201.2% from the January 29th total of 256 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 3,573 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 3,573 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Amplify AI Powered Equity ETF Trading Down 0.3%

Shares of AIEQ traded down $0.15 during midday trading on Friday, hitting $45.73. The stock had a trading volume of 4,283 shares, compared to its average volume of 5,194. Amplify AI Powered Equity ETF has a fifty-two week low of $31.27 and a fifty-two week high of $46.63. The business has a 50-day simple moving average of $45.68 and a two-hundred day simple moving average of $45.04. The firm has a market cap of $117.98 million, a P/E ratio of 26.62 and a beta of 1.16.

Amplify AI Powered Equity ETF Announces Dividend

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

Institutional Trading of Amplify AI Powered Equity ETF

A number of hedge funds have recently modified their holdings of AIEQ. LPL Financial LLC boosted its position in shares of 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 worth $9,114,000 after buying an additional 2,261 shares during the period. Integrated Wealth Concepts LLC boosted its position in 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 during the period. Citadel Advisors LLC grew its stake in Amplify AI Powered Equity ETF by 113.2% during the 3rd quarter. Citadel Advisors LLC now owns 14,677 shares of the company’s stock valued at $659,000 after acquiring an additional 7,793 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in shares of Amplify AI Powered Equity ETF in the 2nd quarter valued at about $221,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Amplify AI Powered Equity ETF in the second quarter worth approximately $124,000.

Amplify AI Powered Equity ETF Company Profile

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.