Short Interest in Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Declines By 84.8%

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) saw a significant decline in short interest in January. As of January 30th, there was short interest totaling 256 shares, a decline of 84.8% from the January 15th total of 1,682 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 5,122 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 5,122 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. LPL Financial LLC increased its stake in shares of Amplify AI Powered Equity ETF by 1.1% in the fourth quarter. LPL Financial LLC now owns 201,879 shares of the company’s stock worth $9,114,000 after purchasing an additional 2,261 shares during the period. Parallel Advisors LLC acquired a new stake in Amplify AI Powered Equity ETF in the 4th quarter valued at approximately $45,000. Integrated Wealth Concepts LLC increased its position in Amplify AI Powered Equity ETF by 2.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 17,179 shares of the company’s stock worth $771,000 after buying an additional 442 shares during the period. Citadel Advisors LLC lifted its holdings in shares of Amplify AI Powered Equity ETF by 113.2% during the third quarter. Citadel Advisors LLC now owns 14,677 shares of the company’s stock worth $659,000 after buying an additional 7,793 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Amplify AI Powered Equity ETF in the second quarter valued at approximately $124,000.

Amplify AI Powered Equity ETF Price Performance

Shares of AIEQ stock traded down $0.72 on Thursday, hitting $45.54. The company’s stock had a trading volume of 2,992 shares, compared to its average volume of 5,724. The stock has a market capitalization of $117.49 million, a price-to-earnings ratio of 26.62 and a beta of 1.16. Amplify AI Powered Equity ETF has a fifty-two week low of $31.27 and a fifty-two week high of $46.63. The firm’s fifty day moving average price is $45.55 and its 200-day moving average price is $44.84.

Amplify AI Powered Equity ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were paid a dividend of $0.1943 per share. This represents a $0.78 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, December 30th.

Amplify AI Powered Equity ETF Company Profile

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.