Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Short Interest Down 57.9% in January

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 1,682 shares, a drop of 57.9% from the December 31st total of 3,999 shares. Based on an average daily trading volume, of 8,284 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 8,284 shares, the short-interest ratio is presently 0.2 days.

Amplify AI Powered Equity ETF Price Performance

Amplify AI Powered Equity ETF stock traded down $0.08 during midday trading on Thursday, reaching $45.75. 4,841 shares of the company traded hands, compared to its average volume of 6,839. Amplify AI Powered Equity ETF has a 12 month low of $31.27 and a 12 month high of $46.63. The business has a 50 day moving average of $45.28 and a two-hundred day moving average of $44.63. The firm has a market capitalization of $118.04 million, a price-to-earnings ratio of 26.62 and a beta of 1.16.

Amplify AI Powered Equity ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were issued a $0.1943 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $0.78 annualized dividend and a dividend yield of 1.7%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AIEQ. Arkadios Wealth Advisors bought a new stake in shares of Amplify AI Powered Equity ETF during the 2nd quarter valued at about $221,000. Raymond James Financial Inc. purchased a new stake in Amplify AI Powered Equity ETF during the second quarter valued at approximately $124,000. Citadel Advisors LLC raised its position in Amplify AI Powered Equity ETF by 113.2% in the third quarter. Citadel Advisors LLC now owns 14,677 shares of the company’s stock worth $659,000 after acquiring an additional 7,793 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of Amplify AI Powered Equity ETF by 2.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 17,179 shares of the company’s stock worth $771,000 after acquiring an additional 442 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.