Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Short Interest Up 76.0% in August

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 426 shares, a growth of 76.0% from the July 30th total of 242 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 4,195 shares, the short-interest ratio is presently 0.1 days.

Amplify AI Powered Equity ETF Price Performance

NYSEARCA:AIEQ traded down $0.35 during trading hours on Tuesday, reaching $50.25. 866 shares of the stock were exchanged, compared to its average volume of 4,547. Amplify AI Powered Equity ETF has a twelve month low of $41.90 and a twelve month high of $51.56. The firm has a 50 day moving average of $50.07 and a 200 day moving average of $47.90. The stock has a market cap of $121.61 million, a PE ratio of 26.62 and a beta of 1.16.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new position in Amplify AI Powered Equity ETF in the fourth quarter valued at $38,000. Parallel Advisors LLC bought a new stake in Amplify AI Powered Equity ETF during the 4th quarter worth about $45,000. Royal Bank of Canada lifted its position in Amplify AI Powered Equity ETF by 290.3% during the 4th quarter. Royal Bank of Canada now owns 2,373 shares of the company’s stock worth $107,000 after buying an additional 1,765 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Amplify AI Powered Equity ETF during the 2nd quarter worth about $124,000. Finally, Citadel Advisors LLC boosted its stake in shares of Amplify AI Powered Equity ETF by 113.2% during the 3rd quarter. Citadel Advisors LLC now owns 14,677 shares of the company’s stock worth $659,000 after buying an additional 7,793 shares during the last quarter.

About Amplify AI Powered Equity ETF

The AI Powered Equity ETF (AIEQ) is an exchange-traded fund that is based on the S&P Total Market index. The fund is an actively-managed fund of US stocks selected by a proprietary, quantitative model that incorporates artificial intelligence (AI). AIEQ was launched on Oct 17, 2017 and is managed by ETF Managers Group.