Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Short Interest Down 17.6% in February

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 635 shares, a decrease of 17.6% from the February 12th total of 771 shares. Based on an average trading volume of 3,839 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 3,839 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AIEQ. Integrated Wealth Concepts LLC increased its holdings 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 acquiring an additional 442 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in Amplify AI Powered Equity ETF during the fourth quarter valued at about $38,000. Parallel Advisors LLC purchased a new stake in Amplify AI Powered Equity ETF during the fourth quarter valued at about $45,000. Royal Bank of Canada boosted 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 purchasing an additional 1,765 shares during the period. Finally, 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 in the last quarter.

Amplify AI Powered Equity ETF Trading Up 1.2%

Shares of NYSEARCA:AIEQ traded up $0.52 during mid-day trading on Monday, reaching $44.36. The company had a trading volume of 8,132 shares, compared to its average volume of 5,065. Amplify AI Powered Equity ETF has a one year low of $31.27 and a one year high of $46.63. The company’s 50-day moving average price is $45.54 and its 200-day moving average price is $45.13. The firm has a market cap of $114.45 million, a price-to-earnings ratio of 26.62 and a beta of 1.16.

Amplify AI Powered Equity ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were paid a $0.1943 dividend. The ex-dividend date was Tuesday, December 30th. This represents a $0.78 annualized dividend and a dividend yield of 1.8%.

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.