Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC – Get Free Report) was the target of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 311 shares, a decline of 14.8% from the February 26th total of 365 shares. Based on an average trading volume of 1,821 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.
Amplify Bloomberg AI Value Chain ETF Stock Up 2.6%
NYSEARCA:AIVC opened at $70.84 on Thursday. The firm has a 50-day moving average price of $71.35 and a 200 day moving average price of $68.85. The firm has a market capitalization of $35.42 million, a PE ratio of 21.80 and a beta of 1.07. Amplify Bloomberg AI Value Chain ETF has a 12-month low of $35.69 and a 12-month high of $75.83.
Institutional Trading of Amplify Bloomberg AI Value Chain ETF
Several hedge funds have recently modified their holdings of AIVC. Raymond James Financial Inc. bought a new position in Amplify Bloomberg AI Value Chain ETF in the 2nd quarter valued at $64,000. Spire Wealth Management grew its holdings in shares of 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 worth $67,000 after purchasing an additional 200 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of Amplify Bloomberg AI Value Chain ETF by 177.2% during the second 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 last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Amplify Bloomberg AI Value Chain ETF in the fourth quarter valued at $190,000. Finally, Prime Capital Investment Advisors LLC acquired a new stake in shares of Amplify Bloomberg AI Value Chain ETF in the third quarter valued at $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.
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