Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Short Interest Up 896.1% in December
by Tristan Rich · The Markets DailyAmplify AI Powered Equity ETF (NYSEARCA:AIEQ – Get Free Report) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 3,556 shares, a growth of 896.1% from the November 30th total of 357 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 3,777 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 3,777 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the company’s shares are short sold.
Amplify AI Powered Equity ETF Trading Up 0.3%
Shares of NYSEARCA AIEQ traded up $0.15 during trading hours on Wednesday, hitting $45.90. 2,876 shares of the company traded hands, compared to its average volume of 5,858. The company’s 50 day moving average price is $45.07 and its 200 day moving average price is $43.97. Amplify AI Powered Equity ETF has a 12 month low of $31.27 and a 12 month high of $46.63. The stock has a market capitalization of $120.26 million, a price-to-earnings ratio of 26.62 and a beta of 1.16.
Institutional Investors Weigh In On Amplify AI Powered Equity ETF
Institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC grew 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 last quarter. Citadel Advisors LLC grew its stake in shares of Amplify AI Powered Equity ETF by 113.2% during the third quarter. Citadel Advisors LLC now owns 14,677 shares of the company’s stock valued at $659,000 after buying an additional 7,793 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Amplify AI Powered Equity ETF in the second quarter worth approximately $124,000. Finally, Arkadios Wealth Advisors bought a new stake in shares of Amplify AI Powered Equity ETF during the 2nd quarter worth approximately $221,000.
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.