Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Short Interest Update

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 19,921 shares, a growth of 1,211.5% from the April 30th total of 1,519 shares. Approximately 4.0% of the company’s stock are short sold. Based on an average daily volume of 15,246 shares, the short-interest ratio is currently 1.3 days.

Amplify Bloomberg AI Value Chain ETF Price Performance

NYSEARCA AIVC traded up $3.92 during trading on Friday, reaching $114.30. 26,232 shares of the company’s stock traded hands, compared to its average volume of 5,305. The firm has a market cap of $57.15 million, a price-to-earnings ratio of 21.80 and a beta of 1.22. The company’s 50 day simple moving average is $86.33 and its two-hundred day simple moving average is $75.50. Amplify Bloomberg AI Value Chain ETF has a 12-month low of $45.80 and a 12-month high of $114.30.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in Amplify Bloomberg AI Value Chain ETF during the 2nd quarter valued at about $64,000. Osaic Holdings Inc. increased its position in Amplify Bloomberg AI Value Chain ETF by 177.2% during the 2nd quarter. Osaic Holdings Inc. now owns 1,408 shares of the company’s stock valued at $75,000 after purchasing an additional 900 shares during the period. Kestra Advisory Services LLC purchased a new position in Amplify Bloomberg AI Value Chain ETF during the 4th quarter valued at about $190,000. Prime Capital Investment Advisors LLC purchased a new position in Amplify Bloomberg AI Value Chain ETF during the 3rd quarter valued at about $206,000. Finally, Total Clarity Wealth Management Inc. purchased a new position in Amplify Bloomberg AI Value Chain ETF during the 1st quarter valued at about $227,000.

About Amplify Bloomberg AI Value Chain ETF

The Amplify Bloomberg AI Value Chain ETF (AIVC) is an exchange-traded fund that is based on the Bloomberg AI Value Chain NR index. The fund is passively managed to invest in an equal-weighted portfolio of companies from around the globe engaged in cloud computing, AI hardware, and semiconductors. AIVC was launched on Mar 8, 2016 and is issued by Amplify Investments.