Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Short Interest Update

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 3,556 shares, an increase of 896.1% from the November 30th total of 357 shares. Based on an average daily volume of 3,777 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 3,777 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of Amplify AI Powered Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in Amplify AI Powered Equity ETF during the second quarter worth approximately $124,000. Arkadios Wealth Advisors acquired a new position in shares of Amplify AI Powered Equity ETF in the 2nd quarter worth $221,000. Citadel Advisors LLC raised its position in shares of Amplify AI Powered Equity ETF by 113.2% during the third quarter. Citadel Advisors LLC now owns 14,677 shares of the company’s stock worth $659,000 after purchasing an additional 7,793 shares during the period. Finally, Integrated Wealth Concepts LLC raised its position in shares of Amplify AI Powered Equity ETF by 2.6% during the third quarter. Integrated Wealth Concepts LLC now owns 17,179 shares of the company’s stock worth $771,000 after purchasing an additional 442 shares during the period.

Amplify AI Powered Equity ETF Stock Up 0.3%

Shares of Amplify AI Powered Equity ETF stock opened at $45.90 on Friday. The business has a fifty day simple moving average of $45.10 and a 200-day simple moving average of $43.98. The firm has a market cap of $120.26 million, a price-to-earnings ratio of 26.62 and a beta of 1.16. Amplify AI Powered Equity ETF has a fifty-two week low of $31.27 and a fifty-two week high of $46.63.

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.