Short Interest in Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Decreases By 81.8%

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 5,313 shares, a drop of 81.8% from the June 15th total of 29,167 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 32,412 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AIVC. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Amplify Bloomberg AI Value Chain ETF in the 2nd quarter valued at $24,175,000. Jane Street Group LLC bought a new position in Amplify Bloomberg AI Value Chain ETF in the first quarter valued at about $635,000. Flow Traders U.S. LLC acquired a new stake in Amplify Bloomberg AI Value Chain ETF in the third quarter worth about $650,000. Claris Financial LLC acquired a new stake in Amplify Bloomberg AI Value Chain ETF in the fourth quarter worth about $493,000. Finally, LPL Financial LLC raised its holdings in Amplify Bloomberg AI Value Chain ETF by 32.6% during the 4th quarter. LPL Financial LLC now owns 16,049 shares of the company’s stock worth $1,088,000 after purchasing an additional 3,950 shares during the last quarter.

Amplify Bloomberg AI Value Chain ETF Price Performance

Shares of NYSEARCA:AIVC traded down $3.44 during midday trading on Monday, reaching $107.27. The company’s stock had a trading volume of 9,424 shares, compared to its average volume of 12,603. The business’s fifty day simple moving average is $108.81 and its 200-day simple moving average is $85.59. Amplify Bloomberg AI Value Chain ETF has a fifty-two week low of $53.60 and a fifty-two week high of $124.23. The company has a market capitalization of $118.00 million, a P/E ratio of 21.80 and a beta of 1.28.

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.