Short Interest in Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Declines By 47.1%

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,700 shares, a drop of 47.1% from the September 15th total of 5,100 shares. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On Amplify Bloomberg AI Value Chain ETF

Hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. acquired a new position in shares of Amplify Bloomberg AI Value Chain ETF during the 1st quarter valued at $48,000. Jane Street Group LLC increased its position in shares of Amplify Bloomberg AI Value Chain ETF by 97.3% during the 2nd quarter. Jane Street Group LLC now owns 29,240 shares of the company’s stock valued at $1,561,000 after purchasing an additional 14,419 shares during the period. Osaic Holdings Inc. increased its position in shares of Amplify Bloomberg AI Value Chain ETF by 177.2% during the 2nd quarter. Osaic Holdings Inc. now owns 1,408 shares of the company’s stock valued at $75,000 after purchasing an additional 900 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Amplify Bloomberg AI Value Chain ETF during the 2nd quarter valued at $64,000. Finally, Spire Wealth Management acquired a new position in shares of Amplify Bloomberg AI Value Chain ETF during the 2nd quarter valued at $46,000.

Amplify Bloomberg AI Value Chain ETF Stock Performance

Shares of AIVC stock opened at $66.66 on Thursday. Amplify Bloomberg AI Value Chain ETF has a 1 year low of $35.69 and a 1 year high of $68.92. The stock has a market cap of $33.33 million, a PE ratio of 21.80 and a beta of 1.01. The business’s fifty day moving average is $61.63 and its 200-day moving average is $53.34.

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.