Short Interest in Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Expands By 76.0%

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 426 shares, a growth of 76.0% from the July 30th total of 242 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 4,195 shares, the short-interest ratio is presently 0.1 days.

Amplify AI Powered Equity ETF Price Performance

NYSEARCA:AIEQ opened at $50.70 on Monday. The company has a market capitalization of $122.69 million, a P/E ratio of 26.62 and a beta of 1.16. Amplify AI Powered Equity ETF has a 52 week low of $41.90 and a 52 week high of $51.56. The stock’s fifty day moving average is $50.04 and its two-hundred day moving average is $47.87.

Hedge Funds Weigh In On Amplify AI Powered Equity ETF

Several hedge funds have recently bought and sold shares of AIEQ. LPL Financial LLC lifted its position in shares of Amplify AI Powered Equity ETF by 1.1% during the fourth quarter. LPL Financial LLC now owns 201,879 shares of the company’s stock worth $9,114,000 after purchasing an additional 2,261 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Amplify AI Powered Equity ETF by 2.6% in the third quarter. Integrated Wealth Concepts LLC now owns 17,179 shares of the company’s stock valued at $771,000 after acquiring an additional 442 shares in the last quarter. Citadel Advisors LLC boosted its holdings in Amplify AI Powered Equity ETF by 113.2% in the third quarter. Citadel Advisors LLC now owns 14,677 shares of the company’s stock valued at $659,000 after purchasing an additional 7,793 shares during the period. Royal Bank of Canada increased its holdings in 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 purchasing an additional 1,765 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in Amplify AI Powered Equity ETF in the 4th quarter valued at about $38,000.

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.