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

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 19,921 shares, a growth of 1,211.5% from the April 30th total of 1,519 shares. Based on an average trading volume of 15,246 shares, the short-interest ratio is presently 1.3 days. Currently, 4.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Amplify Bloomberg AI Value Chain ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. boosted its position in shares of Amplify Bloomberg AI Value Chain ETF by 177.2% during the second quarter. Osaic Holdings Inc. now owns 1,408 shares of the company’s stock worth $75,000 after purchasing an additional 900 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Amplify Bloomberg AI Value Chain ETF during the second quarter worth $64,000. Jane Street Group LLC boosted its position in shares of Amplify Bloomberg AI Value Chain ETF by 5.8% during the fourth 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. Kestra Advisory Services LLC bought a new position in shares of Amplify Bloomberg AI Value Chain ETF during the fourth quarter worth $190,000. Finally, Prime Capital Investment Advisors LLC bought a new position in shares of Amplify Bloomberg AI Value Chain ETF during the third quarter worth $206,000.

Amplify Bloomberg AI Value Chain ETF Stock Performance

AIVC traded down $0.57 during trading on Wednesday, reaching $107.92. 3,347 shares of the company’s stock were exchanged, compared to its average volume of 4,861. The company’s fifty day moving average price is $85.56 and its 200-day moving average price is $75.21. Amplify Bloomberg AI Value Chain ETF has a fifty-two week low of $45.80 and a fifty-two week high of $108.61. The firm has a market capitalization of $53.96 million, a PE ratio of 21.80 and a beta of 1.22.

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.