Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Short Interest Update

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 29,167 shares, an increase of 495.1% from the May 31st total of 4,901 shares. Based on an average trading volume of 52,926 shares, the days-to-cover ratio is presently 0.6 days. Currently, 5.8% of the shares of the company are sold short.

Institutional Investors Weigh In On Amplify Bloomberg AI Value Chain ETF

Several institutional investors have recently bought and sold shares of AIVC. Raymond James Financial Inc. bought a new position in Amplify Bloomberg AI Value Chain ETF in the 2nd quarter valued at about $64,000. Osaic Holdings Inc. raised its position in shares of Amplify Bloomberg AI Value Chain ETF by 177.2% during the 2nd quarter. Osaic Holdings Inc. now owns 1,408 shares of the company’s stock worth $75,000 after buying an additional 900 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Amplify Bloomberg AI Value Chain ETF during the 4th quarter worth about $190,000. Total Clarity Wealth Management Inc. bought a new stake in shares of Amplify Bloomberg AI Value Chain ETF during the 1st quarter worth about $227,000. Finally, Claris Financial LLC acquired a new stake in shares of Amplify Bloomberg AI Value Chain ETF in the 4th quarter worth approximately $493,000.

Amplify Bloomberg AI Value Chain ETF Stock Down 3.2%

AIVC stock traded down $3.65 during trading on Friday, reaching $109.77. 41,985 shares of the company’s stock were exchanged, compared to its average volume of 11,654. Amplify Bloomberg AI Value Chain ETF has a 1-year low of $52.23 and a 1-year high of $124.23. The company’s fifty day moving average price is $103.99 and its 200-day moving average price is $82.53. The firm has a market cap of $54.88 million, a PE ratio of 21.80 and a beta of 1.29.

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.