Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC – Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 15,245 shares, a growth of 58.1% from the July 30th total of 9,642 shares. Based on an average daily trading volume, of 8,060 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.4% of the company’s shares are short sold.
Amplify Bloomberg AI Value Chain ETF Trading Down 0.9%
Shares of NYSEARCA:AIVC opened at $107.90 on Thursday. The firm has a market cap of $118.69 million, a price-to-earnings ratio of 21.80 and a beta of 1.30. The stock’s 50-day moving average price is $108.45 and its two-hundred day moving average price is $95.57. Amplify Bloomberg AI Value Chain ETF has a 12-month low of $56.52 and a 12-month high of $124.23.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Amplify Bloomberg AI Value Chain ETF in the second quarter worth approximately $64,000. Osaic Holdings Inc. increased its position in 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 during the 4th quarter worth $190,000. Total Clarity Wealth Management Inc. acquired a new stake in shares of Amplify Bloomberg AI Value Chain ETF during the 1st quarter worth $227,000. Finally, Claris Financial LLC acquired a new stake in shares of Amplify Bloomberg AI Value Chain ETF during the 4th quarter worth $493,000.
Amplify Bloomberg AI Value Chain ETF Company Profile
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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