Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Stock Short Interest Climbs 2,623.7%

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 3,786 shares, an increase of 2,623.7% from the September 15th total of 139 shares. Based on an average daily trading volume, of 12,582 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Amplify AI Powered Equity ETF Stock Up 0.5%

NYSEARCA:AIEQ traded up $0.23 during midday trading on Friday, hitting $50.25. The company had a trading volume of 2,125 shares, compared to its average volume of 4,868. The stock’s fifty day moving average price is $50.20 and its 200-day moving average price is $48.83. Amplify AI Powered Equity ETF has a 52-week low of $41.90 and a 52-week high of $51.56. The company has a market capitalization of $115.58 million, a PE ratio of 26.62 and a beta of 1.17.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Amplify AI Powered Equity ETF stock. Wellington Altus USA Inc. boosted its stake in Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) by 161.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,750 shares of the company’s stock after acquiring an additional 1,700 shares during the period. Wellington Altus USA Inc. owned 0.14% of Amplify AI Powered Equity ETF worth $136,000 at the end of the most recent reporting period.

About Amplify AI Powered Equity ETF

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.