Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Sees Significant Increase in Short Interest

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 852 shares, an increase of 178.4% from the May 14th total of 306 shares. Based on an average daily volume of 5,978 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC acquired a new position in shares of Amplify AI Powered Equity ETF during the 4th quarter worth about $38,000. Parallel Advisors LLC acquired a new position in shares of Amplify AI Powered Equity ETF during the 4th quarter worth about $45,000. Royal Bank of Canada boosted its position in shares of Amplify AI Powered Equity ETF by 290.3% during the 4th quarter. Royal Bank of Canada now owns 2,373 shares of the company’s stock worth $107,000 after acquiring an additional 1,765 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Amplify AI Powered Equity ETF during the 2nd quarter worth about $124,000. Finally, Citadel Advisors LLC boosted its position in shares of Amplify AI Powered Equity ETF by 113.2% during the 3rd quarter. Citadel Advisors LLC now owns 14,677 shares of the company’s stock worth $659,000 after acquiring an additional 7,793 shares in the last quarter.

Amplify AI Powered Equity ETF Stock Up 0.5%

NYSEARCA AIEQ traded up $0.25 during trading hours on Friday, hitting $49.16. 6,632 shares of the company were exchanged, compared to its average volume of 4,811. The company has a 50 day moving average of $47.87 and a two-hundred day moving average of $46.09. The firm has a market cap of $122.90 million, a price-to-earnings ratio of 26.62 and a beta of 1.17. Amplify AI Powered Equity ETF has a 52-week low of $40.61 and a 52-week high of $50.31.

About Amplify AI Powered Equity ETF

The AI Powered Equity ETF (AIEQ) is an exchange-traded fund that is based on the S&P Total Market index. The fund is an actively-managed fund of US stocks selected by a proprietary, quantitative model that incorporates artificial intelligence (AI). AIEQ was launched on Oct 17, 2017 and is managed by ETF Managers Group.