Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Short Interest Update

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 433 shares, a growth of 91.6% from the March 31st total of 226 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 3,172 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AIEQ. Kestra Advisory Services LLC bought a new stake in shares of Amplify AI Powered Equity ETF during the 4th quarter valued at about $38,000. Parallel Advisors LLC bought a new stake in shares of Amplify AI Powered Equity ETF in the 4th quarter valued at $45,000. Royal Bank of Canada increased its stake in shares of Amplify AI Powered Equity ETF by 290.3% in the 4th quarter. Royal Bank of Canada now owns 2,373 shares of the company’s stock valued at $107,000 after acquiring an additional 1,765 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Amplify AI Powered Equity ETF in the 2nd quarter valued at $124,000. Finally, Citadel Advisors LLC increased its stake in shares of Amplify AI Powered Equity ETF by 113.2% in the 3rd quarter. Citadel Advisors LLC now owns 14,677 shares of the company’s stock valued at $659,000 after acquiring an additional 7,793 shares in the last quarter.

Amplify AI Powered Equity ETF Stock Down 0.8%

Shares of AIEQ stock traded down $0.36 on Tuesday, reaching $47.24. The company had a trading volume of 4,656 shares, compared to its average volume of 4,832. The stock has a market capitalization of $118.10 million, a PE ratio of 26.62 and a beta of 1.16. Amplify AI Powered Equity ETF has a one year low of $36.78 and a one year high of $47.63. The business’s 50-day moving average is $45.01 and its 200 day moving average is $45.19.

Amplify AI Powered Equity ETF Company Profile

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.