Short Interest in Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Expands By 76.0%

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 426 shares, an increase of 76.0% from the July 30th total of 242 shares. Based on an average daily trading volume, of 4,195 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Amplify AI Powered Equity ETF

Large investors have recently modified their holdings of the business. LPL Financial LLC grew its stake in Amplify AI Powered Equity ETF by 1.1% during the 4th quarter. LPL Financial LLC now owns 201,879 shares of the company’s stock valued at $9,114,000 after acquiring an additional 2,261 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Amplify AI Powered Equity ETF by 2.6% in the third quarter. Integrated Wealth Concepts LLC now owns 17,179 shares of the company’s stock valued at $771,000 after purchasing an additional 442 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of Amplify AI Powered Equity ETF by 113.2% in the third quarter. Citadel Advisors LLC now owns 14,677 shares of the company’s stock valued at $659,000 after purchasing an additional 7,793 shares during the last quarter. Royal Bank of Canada boosted its stake in Amplify AI Powered Equity ETF by 290.3% during the fourth quarter. Royal Bank of Canada now owns 2,373 shares of the company’s stock worth $107,000 after buying an additional 1,765 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in Amplify AI Powered Equity ETF in the 4th quarter valued at $38,000.

Amplify AI Powered Equity ETF Price Performance

Shares of Amplify AI Powered Equity ETF stock opened at $50.70 on Monday. The stock has a market capitalization of $122.69 million, a P/E ratio of 26.62 and a beta of 1.16. The business has a 50 day simple moving average of $50.04 and a two-hundred day simple moving average of $47.87. Amplify AI Powered Equity ETF has a 12 month low of $41.90 and a 12 month high of $51.56.

Amplify AI Powered Equity ETF Company Profile

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.