Short Interest in Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Grows By 50.0%

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 300 shares, a growth of 50.0% from the September 15th total of 200 shares. Based on an average trading volume of 5,100 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 5,100 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Amplify AI Powered Equity ETF

Several hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in Amplify AI Powered Equity ETF in the 2nd quarter worth $124,000. Arkadios Wealth Advisors bought a new position in Amplify AI Powered Equity ETF during the 2nd quarter valued at about $221,000. Finally, LPL Financial LLC boosted its position in Amplify AI Powered Equity ETF by 10.0% in the 1st quarter. LPL Financial LLC now owns 187,074 shares of the company’s stock valued at $6,896,000 after buying an additional 17,044 shares during the period.

Amplify AI Powered Equity ETF Stock Performance

AIEQ opened at $45.32 on Thursday. Amplify AI Powered Equity ETF has a fifty-two week low of $31.27 and a fifty-two week high of $45.61. The firm’s fifty day moving average is $44.48 and its 200 day moving average is $41.71. The stock has a market cap of $119.19 million, a price-to-earnings ratio of 26.62 and a beta of 1.18.

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.