Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Short Interest Up 495.1% in June

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 29,167 shares, an increase of 495.1% from the May 31st total of 4,901 shares. Based on an average trading volume of 52,926 shares, the short-interest ratio is currently 0.6 days. Currently, 5.8% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AIVC. Raymond James Financial Inc. acquired a new stake in shares of Amplify Bloomberg AI Value Chain ETF during the 2nd quarter valued at $64,000. Osaic Holdings Inc. increased its holdings 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 worth $75,000 after purchasing an additional 900 shares in the last quarter. Kestra Advisory Services LLC bought a new position in Amplify Bloomberg AI Value Chain ETF in the fourth quarter valued at about $190,000. Total Clarity Wealth Management Inc. acquired a new stake in shares of Amplify Bloomberg AI Value Chain ETF during the first quarter valued at about $227,000. Finally, Claris Financial LLC bought a new stake in shares of Amplify Bloomberg AI Value Chain ETF during the fourth quarter worth about $493,000.

Amplify Bloomberg AI Value Chain ETF Stock Down 2.6%

Shares of AIVC stock traded down $2.99 on Friday, reaching $110.43. The company had a trading volume of 29,029 shares, compared to its average volume of 11,538. The business’s 50-day moving average is $103.40 and its 200 day moving average is $82.34. Amplify Bloomberg AI Value Chain ETF has a one year low of $52.23 and a one year high of $124.23. The stock has a market capitalization of $55.22 million, a PE ratio of 21.80 and a beta of 1.29.

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.