Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Sees Significant Increase in Short Interest

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 852 shares, an increase of 178.4% from the May 14th total of 306 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 5,978 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Amplify AI Powered Equity ETF

Large investors have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new position in shares of Amplify AI Powered Equity ETF during the 4th quarter worth approximately $38,000. Parallel Advisors LLC purchased a new position in shares of Amplify AI Powered Equity ETF during the 4th quarter worth approximately $45,000. Royal Bank of Canada raised its stake in shares of Amplify AI Powered Equity ETF by 290.3% during the 4th 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 in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Amplify AI Powered Equity ETF during the 2nd quarter worth approximately $124,000. Finally, Citadel Advisors LLC raised its stake 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 in the last quarter.

Amplify AI Powered Equity ETF Trading Up 0.5%

Shares of NYSEARCA AIEQ traded up $0.25 during trading hours on Friday, reaching $49.16. The stock had a trading volume of 6,632 shares, compared to its average volume of 4,811. The firm has a market cap of $122.90 million, a price-to-earnings ratio of 26.62 and a beta of 1.17. Amplify AI Powered Equity ETF has a fifty-two week low of $40.61 and a fifty-two week high of $50.31. The firm has a 50-day moving average of $47.87 and a 200-day moving average of $46.09.

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.