Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Stock Short Interest Climbs 2,623.7%

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 3,786 shares, a growth of 2,623.7% from the September 15th total of 139 shares. Based on an average daily volume of 12,582 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Amplify AI Powered Equity ETF Trading Up 0.5%

Shares of AIEQ stock opened at $50.25 on Friday. The stock has a market cap of $115.58 million, a P/E ratio of 26.62 and a beta of 1.17. The stock has a 50 day simple moving average of $50.22 and a 200 day simple moving average of $48.84. Amplify AI Powered Equity ETF has a 1 year low of $41.90 and a 1 year high of $51.56.

Institutional Trading of Amplify AI Powered Equity ETF

A hedge fund recently raised its position in Amplify AI Powered Equity ETF stock. Wellington Altus USA Inc. raised its holdings in Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) by 161.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,750 shares of the company’s stock after acquiring an additional 1,700 shares during the period. Wellington Altus USA Inc. owned about 0.14% of Amplify AI Powered Equity ETF worth $136,000 at the end of the most recent quarter.

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.