Short Interest in Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Drops By 57.9%

by · The Markets Daily

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ – Get Free Report) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 1,682 shares, a decline of 57.9% from the December 31st total of 3,999 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 8,284 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 8,284 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Amplify AI Powered Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in shares of Amplify AI Powered Equity ETF during the second quarter worth $124,000. Arkadios Wealth Advisors acquired a new position in shares of Amplify AI Powered Equity ETF in the 2nd quarter valued at about $221,000. Citadel Advisors LLC grew its position in shares of Amplify AI Powered Equity ETF by 113.2% during the 3rd 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. Finally, Integrated Wealth Concepts LLC grew its position in shares of 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 buying an additional 442 shares during the last quarter.

Amplify AI Powered Equity ETF Stock Performance

Shares of Amplify AI Powered Equity ETF stock traded down $0.08 during trading on Friday, reaching $45.67. The company had a trading volume of 3,239 shares, compared to its average volume of 6,657. Amplify AI Powered Equity ETF has a fifty-two week low of $31.27 and a fifty-two week high of $46.63. The firm’s fifty day moving average is $45.37 and its 200-day moving average is $44.66. The company has a market cap of $117.83 million, a price-to-earnings ratio of 26.62 and a beta of 1.16.

Amplify AI Powered Equity ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were issued a $0.1943 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, December 30th.

About Amplify AI Powered Equity ETF

(Get Free Report)

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.

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