Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Short Interest Up 158.6% in July

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 13,739 shares, a growth of 158.6% from the June 30th total of 5,313 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 24,061 shares, the days-to-cover ratio is currently 0.6 days.

Amplify Bloomberg AI Value Chain ETF Stock Down 1.1%

AIVC traded down $1.14 during midday trading on Monday, reaching $100.12. 2,420 shares of the company’s stock were exchanged, compared to its average volume of 12,499. The firm has a market capitalization of $110.13 million, a price-to-earnings ratio of 21.80 and a beta of 1.28. Amplify Bloomberg AI Value Chain ETF has a one year low of $54.09 and a one year high of $124.23. The business has a 50-day simple moving average of $109.82 and a two-hundred day simple moving average of $88.11.

Hedge Funds Weigh In On Amplify Bloomberg AI Value Chain ETF

Several hedge funds have recently added to or reduced their stakes in AIVC. Hennion & Walsh Asset Management Inc. bought a new position in Amplify Bloomberg AI Value Chain ETF in the second quarter valued at approximately $24,175,000. Jane Street Group LLC acquired a new position in Amplify Bloomberg AI Value Chain ETF during the first quarter worth $635,000. Flow Traders U.S. LLC bought a new position in shares of Amplify Bloomberg AI Value Chain ETF in the 3rd quarter valued at about $650,000. Claris Financial LLC bought a new position in shares of Amplify Bloomberg AI Value Chain ETF in the 4th quarter valued at about $493,000. Finally, LPL Financial LLC increased 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 last quarter.

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.