Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Short Interest Up 495.1% in June

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 29,167 shares, an increase of 495.1% from the May 31st total of 4,901 shares. Based on an average trading volume of 52,926 shares, the short-interest ratio is currently 0.6 days. Approximately 5.8% of the company’s shares are short sold.

Institutional Trading of Amplify Bloomberg AI Value Chain ETF

A number of institutional investors have recently made changes to their positions in AIVC. Jane Street Group LLC bought a new stake in Amplify Bloomberg AI Value Chain ETF during the 1st quarter valued at $635,000. Raymond James Financial Inc. bought a new stake in Amplify Bloomberg AI Value Chain ETF in the 2nd quarter worth $64,000. Osaic Holdings Inc. grew its holdings in Amplify Bloomberg AI Value Chain ETF by 177.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,408 shares of the company’s stock worth $75,000 after acquiring an additional 900 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Amplify Bloomberg AI Value Chain ETF in the third quarter valued at about $650,000. Finally, LPL Financial LLC increased its position in shares of Amplify Bloomberg AI Value Chain ETF by 32.6% in the fourth quarter. LPL Financial LLC now owns 16,049 shares of the company’s stock valued at $1,088,000 after acquiring an additional 3,950 shares during the period.

Amplify Bloomberg AI Value Chain ETF Stock Performance

AIVC stock traded down $3.65 during trading on Friday, hitting $109.77. 41,985 shares of the company traded hands, compared to its average volume of 11,654. The company has a 50-day moving average of $103.99 and a 200-day moving average of $82.53. Amplify Bloomberg AI Value Chain ETF has a 1 year low of $52.23 and a 1 year high of $124.23. The firm has a market capitalization of $54.88 million, a PE ratio of 21.80 and a beta of 1.29.

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.