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

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 3,913 shares, a growth of 359.3% from the May 31st total of 852 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,899 shares, the days-to-cover ratio is presently 0.8 days.

Amplify AI Powered Equity ETF Stock Up 0.1%

AIEQ stock traded up $0.03 on Friday, reaching $48.59. 7,815 shares of the company’s stock were exchanged, compared to its average volume of 4,875. The stock has a fifty day moving average of $48.75 and a 200-day moving average of $46.39. Amplify AI Powered Equity ETF has a twelve month low of $41.82 and a twelve month high of $50.31. The firm has a market cap of $121.48 million, a PE ratio of 26.62 and a beta of 1.17.

Institutional Investors Weigh In On Amplify AI Powered Equity ETF

Several institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC increased its holdings in shares of 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 valued at $771,000 after purchasing an additional 442 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Amplify AI Powered Equity ETF during the second quarter worth about $124,000. LPL Financial LLC grew its position in Amplify AI Powered Equity ETF by 1.1% during the fourth quarter. LPL Financial LLC now owns 201,879 shares of the company’s stock worth $9,114,000 after buying an additional 2,261 shares during the period. Citadel Advisors LLC grew its position in 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 period. Finally, Royal Bank of Canada grew its position in Amplify AI Powered Equity ETF by 290.3% during the fourth quarter. Royal Bank of Canada now owns 2,373 shares of the company’s stock worth $107,000 after buying an additional 1,765 shares during the 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.