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

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 201 shares, a decline of 52.8% from the August 15th total of 426 shares. Based on an average daily trading volume, of 3,795 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Amplify AI Powered Equity ETF Price Performance

NYSEARCA:AIEQ opened at $49.93 on Monday. Amplify AI Powered Equity ETF has a twelve month low of $41.90 and a twelve month high of $51.56. The stock’s 50-day simple moving average is $50.27 and its 200 day simple moving average is $48.19. The firm has a market capitalization of $120.83 million, a PE ratio of 26.62 and a beta of 1.16.

Institutional Investors Weigh In On Amplify AI Powered Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in AIEQ. LPL Financial LLC lifted its stake in Amplify AI Powered Equity ETF by 1.1% in the 4th quarter. LPL Financial LLC now owns 201,879 shares of the company’s stock valued at $9,114,000 after purchasing an additional 2,261 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Amplify AI Powered Equity ETF by 2.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 17,179 shares of the company’s stock worth $771,000 after buying an additional 442 shares during the period. Citadel Advisors LLC lifted its stake in shares of 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 worth $659,000 after acquiring an additional 7,793 shares during the period. 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, Royal Bank of Canada increased its position in shares of Amplify AI Powered Equity ETF by 290.3% during the fourth quarter. Royal Bank of Canada now owns 2,373 shares of the company’s stock worth $107,000 after buying an additional 1,765 shares during the period.

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.