Short Interest in Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Declines By 66.3%

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) saw a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 365 shares, a decline of 66.3% from the February 12th total of 1,084 shares. Based on an average trading volume of 2,735 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 2,735 shares, the days-to-cover ratio is currently 0.1 days.

Amplify Bloomberg AI Value Chain ETF Stock Performance

AIVC stock traded down $2.01 during midday trading on Thursday, reaching $69.45. 1,380 shares of the company traded hands, compared to its average volume of 1,943. Amplify Bloomberg AI Value Chain ETF has a 52-week low of $35.69 and a 52-week high of $75.83. The business has a 50 day moving average of $71.26 and a 200-day moving average of $67.55. The firm has a market capitalization of $34.73 million, a price-to-earnings ratio of 21.80 and a beta of 1.07.

Amplify Bloomberg AI Value Chain ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were given a dividend of $0.116 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $0.46 annualized dividend and a dividend yield of 0.7%.

Institutional Trading of Amplify Bloomberg AI Value Chain ETF

Institutional investors have recently bought and sold shares of the stock. Spire Wealth Management boosted its stake in 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 buying an additional 200 shares during the period. Osaic Holdings Inc. raised its stake in shares of Amplify Bloomberg AI Value Chain ETF by 177.2% in the second quarter. Osaic Holdings Inc. now owns 1,408 shares of the company’s stock valued at $75,000 after acquiring an additional 900 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Amplify Bloomberg AI Value Chain ETF in the 2nd quarter worth about $64,000. Jane Street Group LLC lifted its holdings in shares of Amplify Bloomberg AI Value Chain ETF by 5.8% in the 4th quarter. Jane Street Group LLC now owns 42,081 shares of the company’s stock worth $2,853,000 after acquiring an additional 2,297 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Amplify Bloomberg AI Value Chain ETF during the 4th quarter worth about $190,000.

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.