Short Interest in Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Rises By 363.6%

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 5,100 shares, an increase of 363.6% from the August 31st total of 1,100 shares. Based on an average daily volume of 2,000 shares, the short-interest ratio is presently 2.6 days. Based on an average daily volume of 2,000 shares, the short-interest ratio is presently 2.6 days.

Amplify Bloomberg AI Value Chain ETF Price Performance

Shares of AIVC stock opened at $64.84 on Thursday. Amplify Bloomberg AI Value Chain ETF has a fifty-two week low of $35.69 and a fifty-two week high of $64.97. The stock’s 50-day moving average is $58.40 and its two-hundred day moving average is $51.07. The firm has a market cap of $32.42 million, a P/E ratio of 21.80 and a beta of 1.01.

Hedge Funds Weigh In On Amplify Bloomberg AI Value Chain ETF

Several hedge funds have recently bought and sold shares of AIVC. Spire Wealth Management acquired a new position in Amplify Bloomberg AI Value Chain ETF during the second quarter worth $46,000. PNC Financial Services Group Inc. acquired a new position in Amplify Bloomberg AI Value Chain ETF during the first quarter worth $48,000. Raymond James Financial Inc. acquired a new position in Amplify Bloomberg AI Value Chain ETF during the second quarter worth $64,000. Osaic Holdings Inc. increased its position in 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 buying an additional 900 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Amplify Bloomberg AI Value Chain ETF during the first quarter worth $635,000.

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.