Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Sees Large Growth in Short Interest

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 13,739 shares, a growth of 158.6% from the June 30th total of 5,313 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily volume of 24,061 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AIVC. Hennion & Walsh Asset Management Inc. bought a new position in shares of Amplify Bloomberg AI Value Chain ETF during the 2nd quarter valued at approximately $24,175,000. Total Clarity Wealth Management Inc. bought a new stake in Amplify Bloomberg AI Value Chain ETF during the 1st quarter worth approximately $227,000. Claris Financial LLC purchased a new position in Amplify Bloomberg AI Value Chain ETF during the fourth quarter valued at approximately $493,000. Kestra Advisory Services LLC purchased a new position in Amplify Bloomberg AI Value Chain ETF during the fourth quarter valued at approximately $190,000. Finally, Jane Street Group LLC boosted its position in shares of Amplify Bloomberg AI Value Chain ETF by 5.8% in the fourth quarter. Jane Street Group LLC now owns 42,081 shares of the company’s stock worth $2,853,000 after purchasing an additional 2,297 shares during the period.

Amplify Bloomberg AI Value Chain ETF Trading Down 3.4%

NYSEARCA AIVC traded down $3.43 on Tuesday, hitting $97.47. 11,718 shares of the company traded hands, compared to its average volume of 12,499. The company has a market capitalization of $107.22 million, a price-to-earnings ratio of 21.80 and a beta of 1.28. The business’s 50 day moving average price is $109.87 and its 200-day moving average price is $88.32. Amplify Bloomberg AI Value Chain ETF has a 52-week low of $54.09 and a 52-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.