Short Interest in Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Drops By 81.8%

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 5,313 shares, a decrease of 81.8% from the June 15th total of 29,167 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 32,412 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Claris Financial LLC bought a new position in Amplify Bloomberg AI Value Chain ETF during the 4th quarter worth $493,000. Jane Street Group LLC boosted its position in shares of Amplify Bloomberg AI Value Chain ETF by 5.8% in the fourth quarter. Jane Street Group LLC now owns 42,081 shares of the company’s stock valued at $2,853,000 after acquiring an additional 2,297 shares during the period. LPL Financial LLC boosted its position in shares of Amplify Bloomberg AI Value Chain ETF by 32.6% in the fourth quarter. LPL Financial LLC now owns 16,049 shares of the company’s stock valued at $1,088,000 after acquiring an additional 3,950 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of Amplify Bloomberg AI Value Chain ETF in the third quarter valued at about $650,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Amplify Bloomberg AI Value Chain ETF in the second quarter valued at about $24,175,000.

Amplify Bloomberg AI Value Chain ETF Trading Down 1.2%

AIVC stock traded down $1.40 during mid-day trading on Friday, hitting $110.71. 7,657 shares of the company were exchanged, compared to its average volume of 12,630. Amplify Bloomberg AI Value Chain ETF has a 1-year low of $53.60 and a 1-year high of $124.23. The stock has a market capitalization of $121.78 million, a PE ratio of 21.80 and a beta of 1.28. The business has a 50 day simple moving average of $108.81 and a 200-day simple moving average of $85.47.

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.