Short Interest in Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Declines By 14.8%

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) was the recipient of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 311 shares, a decrease of 14.8% from the February 26th total of 365 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,821 shares, the short-interest ratio is presently 0.2 days.

Amplify Bloomberg AI Value Chain ETF Price Performance

AIVC opened at $69.02 on Wednesday. The business’s 50-day moving average price is $71.34 and its two-hundred day moving average price is $68.83. Amplify Bloomberg AI Value Chain ETF has a 1 year low of $35.69 and a 1 year high of $75.83. The company has a market capitalization of $34.51 million, a price-to-earnings ratio of 21.80 and a beta of 1.07.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Amplify Bloomberg AI Value Chain ETF in the 2nd quarter valued at approximately $64,000. Spire Wealth Management grew its stake in shares of Amplify Bloomberg AI Value Chain ETF by 23.4% during the 3rd quarter. Spire Wealth Management now owns 1,053 shares of the company’s stock worth $67,000 after acquiring an additional 200 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of 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 worth $75,000 after acquiring an additional 900 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Amplify Bloomberg AI Value Chain ETF in the fourth quarter valued at approximately $190,000. Finally, Prime Capital Investment Advisors LLC acquired a new stake in shares of Amplify Bloomberg AI Value Chain ETF in the third quarter valued at approximately $206,000.

Amplify Bloomberg AI Value Chain ETF Company Profile

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.