Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Short Interest Update

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 4,901 shares, a decrease of 75.4% from the May 14th total of 19,921 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average trading volume of 12,674 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Amplify Bloomberg AI Value Chain ETF

Institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in Amplify Bloomberg AI Value Chain ETF in the 2nd quarter valued at about $64,000. Osaic Holdings Inc. lifted its stake in Amplify Bloomberg AI Value Chain ETF by 177.2% in 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 in the last quarter. Kestra Advisory Services LLC purchased a new position in Amplify Bloomberg AI Value Chain ETF in the 4th quarter valued at about $190,000. Prime Capital Investment Advisors LLC purchased a new position in Amplify Bloomberg AI Value Chain ETF in the 3rd quarter valued at about $206,000. Finally, Total Clarity Wealth Management Inc. purchased a new position in Amplify Bloomberg AI Value Chain ETF in the 1st quarter valued at about $227,000.

Amplify Bloomberg AI Value Chain ETF Stock Up 1.0%

Shares of NYSEARCA:AIVC traded up $1.13 during trading on Friday, reaching $112.07. 8,286 shares of the company’s stock traded hands, compared to its average volume of 9,439. Amplify Bloomberg AI Value Chain ETF has a fifty-two week low of $49.26 and a fifty-two week high of $124.23. The firm has a market cap of $56.04 million, a PE ratio of 21.80 and a beta of 1.29. The company has a 50-day simple moving average of $96.08 and a 200-day simple moving average of $79.16.

Amplify Bloomberg AI Value Chain ETF Company Profile

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.