Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Short Interest Down 52.8% in August

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 201 shares, a drop of 52.8% from the August 15th total of 426 shares. Based on an average daily volume of 3,795 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of Amplify AI Powered Equity ETF

A hedge fund recently raised its position in Amplify AI Powered Equity ETF stock. Parallel Advisors LLC raised its holdings in shares of Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) by 39.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,404 shares of the company’s stock after acquiring an additional 400 shares during the quarter. Parallel Advisors LLC owned approximately 0.06% of Amplify AI Powered Equity ETF worth $61,000 as of its most recent filing with the SEC.

Amplify AI Powered Equity ETF Price Performance

Shares of Amplify AI Powered Equity ETF stock traded down $0.27 during trading on Tuesday, hitting $49.45. 2,207 shares of the stock were exchanged, compared to its average volume of 4,460. The firm’s 50-day moving average price is $50.27 and its 200 day moving average price is $48.22. The stock has a market cap of $119.66 million, a price-to-earnings ratio of 26.62 and a beta of 1.16. Amplify AI Powered Equity ETF has a 12-month low of $41.90 and a 12-month high of $51.56.

About Amplify AI Powered Equity ETF

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.