Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC – Get Free Report) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 1,998 shares, an increase of 306.1% from the September 30th total of 492 shares. Based on an average daily volume of 10,882 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are short sold.
Institutional Investors Weigh In On Amplify Bloomberg AI Value Chain ETF
Several large investors have recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. acquired a new position in Amplify Bloomberg AI Value Chain ETF in the second quarter valued at $24,175,000. Envestnet Asset Management Inc. acquired a new stake in Amplify Bloomberg AI Value Chain ETF during the 2nd quarter worth approximately $1,212,000. Finally, Root Financial Partners LLC purchased a new position in shares of Amplify Bloomberg AI Value Chain ETF in the 3rd quarter valued at approximately $30,000.
Amplify Bloomberg AI Value Chain ETF Trading Up 2.4%
Shares of NYSEARCA AIVC traded up $2.64 during mid-day trading on Wednesday, reaching $111.32. The company had a trading volume of 22,896 shares, compared to its average volume of 11,328. The firm has a 50 day simple moving average of $112.01 and a two-hundred day simple moving average of $95.78. The stock has a market cap of $133.58 million, a P/E ratio of 21.80 and a beta of 1.30. Amplify Bloomberg AI Value Chain ETF has a 52-week low of $61.11 and a 52-week high of $124.23.
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.
Recommended Stories
- Five stocks we like better than Amplify Bloomberg AI Value Chain ETF
- Boeing Got Its MAX 10 Approval, But Q3 Delivered a Reality Check
- The Invisible AI Backbone: Corning’s AI Fiber Play
- Heavy Metal: Why Nucor Could Be an Overlooked AI Infrastructure Winner
- Why Tesla’s Upside Is About More Than a SpaceX Merger
Receive News & Ratings for Amplify Bloomberg AI Value Chain ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amplify Bloomberg AI Value Chain ETF and related companies with MarketBeat.com's FREE daily email newsletter.
