Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Sees Significant Decrease in Short Interest

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 5,313 shares, a drop of 81.8% from the June 15th total of 29,167 shares. Based on an average daily trading volume, of 32,412 shares, the short-interest ratio is currently 0.2 days. Approximately 0.5% of the company’s shares are short sold.

Amplify Bloomberg AI Value Chain ETF Trading Down 1.2%

Shares of NYSEARCA AIVC traded down $1.40 on Friday, reaching $110.71. 7,657 shares of the company traded hands, compared to its average volume of 12,630. Amplify Bloomberg AI Value Chain ETF has a fifty-two week low of $53.60 and a fifty-two week high of $124.23. The company has a 50 day moving average of $108.81 and a 200 day moving average of $85.59. The stock has a market capitalization of $121.78 million, a PE ratio of 21.80 and a beta of 1.28.

Hedge Funds Weigh In On Amplify Bloomberg AI Value Chain ETF

Large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. raised its holdings in shares of Amplify Bloomberg AI Value Chain ETF by 177.2% during the 2nd quarter. Osaic Holdings Inc. now owns 1,408 shares of the company’s stock valued at $75,000 after buying an additional 900 shares during the period. Raymond James Financial Inc. acquired a new stake in Amplify Bloomberg AI Value Chain ETF in the second quarter valued at approximately $64,000. Jane Street Group LLC raised its stake in shares of 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. Kestra Advisory Services LLC purchased a new stake in shares of Amplify Bloomberg AI Value Chain ETF during the fourth quarter valued at approximately $190,000. Finally, Total Clarity Wealth Management Inc. acquired a new position in shares of Amplify Bloomberg AI Value Chain ETF during the first quarter worth $227,000.

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.