Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Short Interest Down 75.4% in May

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 4,901 shares, a decrease of 75.4% from the May 14th total of 19,921 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 12,674 shares, the days-to-cover ratio is currently 0.4 days.

Amplify Bloomberg AI Value Chain ETF Stock Performance

AIVC opened at $110.08 on Wednesday. Amplify Bloomberg AI Value Chain ETF has a one year low of $49.26 and a one year high of $124.23. The stock has a market cap of $55.04 million, a price-to-earnings ratio of 21.80 and a beta of 1.29. The stock’s 50 day moving average price is $93.59 and its 200-day moving average price is $78.28.

Institutional Trading of Amplify Bloomberg AI Value Chain ETF

A number of hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC lifted its holdings in Amplify Bloomberg AI Value Chain ETF by 5.8% during the fourth quarter. Jane Street Group LLC now owns 42,081 shares of the company’s stock worth $2,853,000 after buying an additional 2,297 shares during the period. LPL Financial LLC lifted its holdings in Amplify Bloomberg AI Value Chain ETF by 32.6% during the fourth quarter. LPL Financial LLC now owns 16,049 shares of the company’s stock worth $1,088,000 after buying an additional 3,950 shares during the period. Flow Traders U.S. LLC purchased a new stake in Amplify Bloomberg AI Value Chain ETF during the third quarter worth $650,000. Claris Financial LLC purchased a new stake in Amplify Bloomberg AI Value Chain ETF during the fourth quarter worth $493,000. Finally, Total Clarity Wealth Management Inc. purchased a new stake in Amplify Bloomberg AI Value Chain ETF during the first quarter worth $227,000.

About Amplify Bloomberg AI Value Chain ETF

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.