Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Short Interest Down 84.8% in August

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 2,318 shares, a decrease of 84.8% from the August 15th total of 15,245 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 11,354 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Amplify Bloomberg AI Value Chain ETF

A number of hedge funds have recently added to or reduced their stakes in AIVC. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Amplify Bloomberg AI Value Chain ETF in the 2nd quarter worth approximately $24,175,000. Claris Financial LLC purchased a new position in shares of Amplify Bloomberg AI Value Chain ETF during the fourth quarter valued at approximately $493,000. Jane Street Group LLC grew its position in Amplify Bloomberg AI Value Chain ETF by 5.8% in the 4th quarter. Jane Street Group LLC now owns 42,081 shares of the company’s stock worth $2,853,000 after purchasing an additional 2,297 shares in the last quarter. LPL Financial LLC increased its position in shares of Amplify Bloomberg AI Value Chain ETF by 32.6% during the 4th 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 last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Amplify Bloomberg AI Value Chain ETF during the 3rd quarter worth approximately $650,000.

Amplify Bloomberg AI Value Chain ETF Stock Performance

Shares of AIVC traded up $1.72 during mid-day trading on Friday, reaching $111.46. The company had a trading volume of 1,386 shares, compared to its average volume of 11,833. The company’s 50 day simple moving average is $108.50 and its 200 day simple moving average is $97.32. Amplify Bloomberg AI Value Chain ETF has a 1-year low of $61.11 and a 1-year high of $124.23. The company has a market capitalization of $122.61 million, a price-to-earnings ratio of 21.80 and a beta of 1.30.

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.