Short Interest in Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Drops By 95.5%

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 242 shares, a decline of 95.5% from the July 15th total of 5,417 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 2,935 shares, the short-interest ratio is currently 0.1 days.

Amplify AI Powered Equity ETF Trading Up 0.9%

AIEQ stock traded up $0.45 during midday trading on Thursday, hitting $51.40. The company had a trading volume of 3,935 shares, compared to its average volume of 4,627. The stock has a market cap of $124.39 million, a price-to-earnings ratio of 26.62 and a beta of 1.16. Amplify AI Powered Equity ETF has a 52 week low of $41.90 and a 52 week high of $51.43. The stock’s 50 day moving average price is $49.67 and its 200 day moving average price is $47.44.

Institutional Investors Weigh In On Amplify AI Powered Equity ETF

Several institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new position in shares of Amplify AI Powered Equity ETF during the fourth quarter valued at about $38,000. Parallel Advisors LLC purchased a new position in Amplify AI Powered Equity ETF during the 4th quarter valued at about $45,000. Royal Bank of Canada increased its holdings 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 valued at $107,000 after purchasing an additional 1,765 shares during the period. Raymond James Financial Inc. bought a new position in Amplify AI Powered Equity ETF during the 2nd quarter valued at approximately $124,000. Finally, Citadel Advisors LLC raised its position in 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 valued at $659,000 after purchasing an additional 7,793 shares during the last quarter.

Amplify AI Powered Equity ETF Company Profile

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.