Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Sees Large Growth in Short Interest

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) saw a large growth in short interest in February. As of February 13th, there was short interest totaling 771 shares, a growth of 201.2% from the January 29th total of 256 shares. Based on an average daily trading volume, of 3,573 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 3,573 shares, the days-to-cover ratio is currently 0.2 days.

Amplify AI Powered Equity ETF Stock Performance

Amplify AI Powered Equity ETF stock traded down $0.38 during trading hours on Thursday, hitting $45.76. The company had a trading volume of 1,462 shares, compared to its average volume of 5,210. The firm has a market cap of $118.06 million, a P/E ratio of 26.62 and a beta of 1.16. The company has a 50-day moving average price of $45.65 and a two-hundred day moving average price of $45.02. Amplify AI Powered Equity ETF has a 1 year low of $31.27 and a 1 year high of $46.63.

Amplify AI Powered Equity ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were paid a $0.1943 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $0.78 annualized dividend and a yield of 1.7%.

Institutional Investors Weigh In On Amplify AI Powered Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC lifted its holdings in shares of Amplify AI Powered Equity ETF by 113.2% in the 3rd 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 period. Arkadios Wealth Advisors bought a new stake in shares of Amplify AI Powered Equity ETF in the second quarter valued at about $221,000. Raymond James Financial Inc. purchased a new stake in Amplify AI Powered Equity ETF in the second quarter worth about $124,000. LPL Financial LLC grew its holdings in Amplify AI Powered Equity ETF by 1.1% during the 4th quarter. LPL Financial LLC now owns 201,879 shares of the company’s stock worth $9,114,000 after acquiring an additional 2,261 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in Amplify AI Powered Equity ETF by 290.3% during the 4th quarter. Royal Bank of Canada now owns 2,373 shares of the company’s stock worth $107,000 after acquiring an additional 1,765 shares in the last quarter.

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.