Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Short Interest Update

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 5,313 shares, a drop of 81.8% from the June 15th total of 29,167 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 32,412 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Amplify Bloomberg AI Value Chain ETF

Several institutional investors and hedge funds have recently bought and sold shares of AIVC. Raymond James Financial Inc. bought a new position in shares of Amplify Bloomberg AI Value Chain ETF during the 2nd quarter worth approximately $64,000. Osaic Holdings Inc. boosted its position in Amplify Bloomberg AI Value Chain ETF by 177.2% during the second quarter. Osaic Holdings Inc. now owns 1,408 shares of the company’s stock worth $75,000 after purchasing an additional 900 shares during the period. Kestra Advisory Services LLC bought a new position in Amplify Bloomberg AI Value Chain ETF during the fourth quarter worth $190,000. Total Clarity Wealth Management Inc. acquired a new position in shares of Amplify Bloomberg AI Value Chain ETF in the first quarter valued at $227,000. Finally, Claris Financial LLC bought a new position in shares of Amplify Bloomberg AI Value Chain ETF in the fourth quarter valued at about $493,000.

Amplify Bloomberg AI Value Chain ETF Price Performance

AIVC stock traded down $1.40 during trading hours on Friday, reaching $110.71. The stock had a trading volume of 7,657 shares, compared to its average volume of 12,630. The stock has a market capitalization of $121.78 million, a PE ratio of 21.80 and a beta of 1.28. The stock has a 50-day simple moving average of $108.81 and a 200 day simple moving average of $85.47. Amplify Bloomberg AI Value Chain ETF has a fifty-two week low of $53.60 and a fifty-two week high of $124.23.

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.