Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Short Interest Update

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 242 shares, a decline of 95.5% from the July 15th total of 5,417 shares. Based on an average daily trading volume, of 2,935 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Amplify AI Powered Equity ETF Stock Performance

NYSEARCA:AIEQ traded up $0.20 during midday trading on Tuesday, reaching $50.96. 5,882 shares of the stock traded hands, compared to its average volume of 4,649. The stock has a market capitalization of $123.32 million, a P/E ratio of 26.62 and a beta of 1.16. The company has a fifty day moving average of $49.65 and a 200 day moving average of $47.40. Amplify AI Powered Equity ETF has a 12 month low of $41.90 and a 12 month high of $51.18.

Hedge Funds Weigh In On Amplify AI Powered Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC boosted its holdings in shares of Amplify AI Powered Equity ETF by 39.8% during the first quarter. Parallel Advisors LLC now owns 1,404 shares of the company’s stock worth $61,000 after purchasing an additional 400 shares during the period. Integrated Wealth Concepts LLC increased its holdings in Amplify AI Powered Equity ETF by 2.6% during 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 during the period. Kestra Advisory Services LLC bought a new position in Amplify AI Powered Equity ETF during the 4th quarter valued at approximately $38,000. Royal Bank of Canada raised its position 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 valued at $107,000 after purchasing an additional 1,765 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in Amplify AI Powered Equity ETF by 1.1% in the 4th 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.

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.