Short Interest in Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Decreases By 84.8%

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 2,318 shares, a decline of 84.8% from the August 15th total of 15,245 shares. Based on an average daily trading volume, of 11,354 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Amplify Bloomberg AI Value Chain ETF

A number of large investors have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Amplify Bloomberg AI Value Chain ETF during the 2nd quarter worth $24,175,000. Jane Street Group LLC bought a new position in shares of Amplify Bloomberg AI Value Chain ETF in the first quarter worth about $635,000. Flow Traders U.S. LLC acquired a new stake in shares of Amplify Bloomberg AI Value Chain ETF in the 3rd quarter valued at approximately $650,000. Claris Financial LLC acquired a new position in Amplify Bloomberg AI Value Chain ETF during the 4th quarter worth approximately $493,000. Finally, LPL Financial LLC lifted its stake in Amplify Bloomberg AI Value Chain ETF by 32.6% in the 4th quarter. LPL Financial LLC now owns 16,049 shares of the company’s stock valued at $1,088,000 after purchasing an additional 3,950 shares during the last quarter.

Amplify Bloomberg AI Value Chain ETF Stock Up 1.5%

Shares of AIVC traded up $1.68 during trading hours on Friday, hitting $111.42. 603 shares of the company were exchanged, compared to its average volume of 11,827. Amplify Bloomberg AI Value Chain ETF has a fifty-two week low of $61.11 and a fifty-two week high of $124.23. The firm’s fifty day moving average is $108.40 and its 200 day moving average is $97.22. The company has a market cap of $122.56 million, a price-to-earnings ratio of 21.80 and a beta of 1.30.

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.