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

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 262 shares, a decrease of 58.7% from the February 26th total of 635 shares. Based on an average daily volume of 4,308 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Amplify AI Powered Equity ETF

Several large investors have recently made changes to their positions in the company. LPL Financial LLC increased its position in shares of 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 acquiring an additional 2,261 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake 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 purchasing an additional 442 shares during the period. Citadel Advisors LLC raised its stake in shares of Amplify AI Powered Equity ETF by 113.2% in the 3rd quarter. Citadel Advisors LLC now owns 14,677 shares of the company’s stock valued at $659,000 after purchasing an additional 7,793 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Amplify AI Powered Equity ETF in the 2nd quarter valued at about $124,000. Finally, Royal Bank of Canada raised its stake in shares of Amplify AI Powered Equity ETF by 290.3% in 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 period.

Amplify AI Powered Equity ETF Trading Down 1.5%

Shares of Amplify AI Powered Equity ETF stock opened at $42.19 on Friday. The stock has a market capitalization of $108.85 million, a price-to-earnings ratio of 26.62 and a beta of 1.16. The firm’s 50-day moving average price is $45.11 and its two-hundred day moving average price is $45.09. Amplify AI Powered Equity ETF has a 1-year low of $31.27 and a 1-year high of $46.63.

Amplify AI Powered Equity ETF Dividend Announcement

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

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.