Short Interest in Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Expands By 58.1%

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 15,245 shares, an increase of 58.1% from the July 30th total of 9,642 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average daily volume of 8,060 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. bought a new position in Amplify Bloomberg AI Value Chain ETF during the second quarter worth $24,175,000. Jane Street Group LLC increased its stake in Amplify Bloomberg AI Value Chain ETF by 5.8% in the fourth quarter. Jane Street Group LLC now owns 42,081 shares of the company’s stock valued at $2,853,000 after purchasing an additional 2,297 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Amplify Bloomberg AI Value Chain ETF by 32.6% during the fourth quarter. LPL Financial LLC now owns 16,049 shares of the company’s stock valued at $1,088,000 after purchasing an additional 3,950 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of Amplify Bloomberg AI Value Chain ETF during the third quarter valued at about $650,000. Finally, Claris Financial LLC bought a new position in shares of Amplify Bloomberg AI Value Chain ETF during the 4th quarter worth about $493,000.

Amplify Bloomberg AI Value Chain ETF Stock Performance

Amplify Bloomberg AI Value Chain ETF stock opened at $108.92 on Wednesday. The stock has a market capitalization of $119.81 million, a price-to-earnings ratio of 21.80 and a beta of 1.30. Amplify Bloomberg AI Value Chain ETF has a 52-week low of $55.72 and a 52-week high of $124.23. The stock’s 50 day moving average price is $108.52 and its two-hundred day moving average price is $95.31.

About Amplify Bloomberg AI Value Chain ETF

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.