Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Sees Large Drop in Short Interest

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 4,901 shares, a decline of 75.4% from the May 14th total of 19,921 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 12,674 shares, the days-to-cover ratio is presently 0.4 days.

Amplify Bloomberg AI Value Chain ETF Trading Up 3.8%

NYSEARCA AIVC traded up $4.11 during trading hours on Thursday, hitting $110.94. 23,145 shares of the company’s stock traded hands, compared to its average volume of 9,450. The business’s fifty day moving average price is $95.26 and its two-hundred day moving average price is $78.93. The firm has a market capitalization of $55.47 million, a P/E ratio of 21.80 and a beta of 1.29. Amplify Bloomberg AI Value Chain ETF has a 52 week low of $49.26 and a 52 week high of $124.23.

Institutional Trading of Amplify Bloomberg AI Value Chain ETF

Large investors have recently added to or reduced their stakes in the business. Total Clarity Wealth Management Inc. bought a new stake in Amplify Bloomberg AI Value Chain ETF during the first quarter valued at about $227,000. Claris Financial LLC bought a new stake in Amplify Bloomberg AI Value Chain ETF during the fourth quarter valued at about $493,000. Kestra Advisory Services LLC bought a new stake in Amplify Bloomberg AI Value Chain ETF during the fourth quarter valued at about $190,000. Jane Street Group LLC grew its holdings in Amplify Bloomberg AI Value Chain ETF by 5.8% during the fourth quarter. Jane Street Group LLC now owns 42,081 shares of the company’s stock valued at $2,853,000 after purchasing an additional 2,297 shares during the period. Finally, LPL Financial LLC grew its holdings in Amplify Bloomberg AI Value Chain ETF by 32.6% during the fourth quarter. LPL Financial LLC now owns 16,049 shares of the company’s stock valued at $1,088,000 after purchasing an additional 3,950 shares during the period.

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.