Short Interest in Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Decreases By 46.5%

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 306 shares, a decrease of 46.5% from the April 30th total of 572 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 3,871 shares, the days-to-cover ratio is currently 0.1 days.

Amplify AI Powered Equity ETF Trading Up 0.3%

NYSEARCA AIEQ traded up $0.14 during trading on Monday, hitting $50.10. 1,116 shares of the company traded hands, compared to its average volume of 4,797. Amplify AI Powered Equity ETF has a 12 month low of $39.89 and a 12 month high of $50.22. The business has a fifty day simple moving average of $46.63 and a 200 day simple moving average of $45.74. The company has a market capitalization of $125.25 million, a P/E ratio of 26.62 and a beta of 1.17.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new stake in Amplify AI Powered Equity ETF during the fourth quarter worth approximately $38,000. Parallel Advisors LLC bought a new position in shares of Amplify AI Powered Equity ETF in the fourth quarter valued at approximately $45,000. Royal Bank of Canada raised its position in shares of Amplify AI Powered Equity ETF by 290.3% in the fourth quarter. Royal Bank of Canada now owns 2,373 shares of the company’s stock valued at $107,000 after purchasing an additional 1,765 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Amplify AI Powered Equity ETF in the second quarter worth $124,000. Finally, Citadel Advisors LLC boosted its holdings in shares of Amplify AI Powered Equity ETF by 113.2% during the 3rd quarter. Citadel Advisors LLC now owns 14,677 shares of the company’s stock worth $659,000 after buying an additional 7,793 shares during the period.

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.