Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Sees Significant Increase in Short Interest
by Danessa Lincoln · The Markets DailyAmplify AI Powered Equity ETF (NYSEARCA:AIEQ – Get Free Report) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 852 shares, a growth of 178.4% from the May 14th total of 306 shares. Based on an average trading volume of 5,978 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of AIEQ. Citadel Advisors LLC boosted its position 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 period. Raymond James Financial Inc. purchased a new position in shares of Amplify AI Powered Equity ETF during the second quarter valued at approximately $124,000. LPL Financial LLC boosted 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 valued at $9,114,000 after buying an additional 2,261 shares during the period. Royal Bank of Canada boosted its position in shares of Amplify AI Powered Equity ETF by 290.3% during the fourth quarter. Royal Bank of Canada now owns 2,373 shares of the company’s stock valued at $107,000 after buying an additional 1,765 shares during the period. Finally, Parallel Advisors LLC purchased a new position in shares of Amplify AI Powered Equity ETF during the fourth quarter valued at approximately $45,000.
Amplify AI Powered Equity ETF Stock Up 0.5%
NYSEARCA AIEQ traded up $0.25 during trading hours on Friday, hitting $49.16. 6,632 shares of the company were exchanged, compared to its average volume of 4,811. The stock has a 50-day moving average price of $47.87 and a 200 day moving average price of $46.09. Amplify AI Powered Equity ETF has a 52 week low of $40.61 and a 52 week high of $50.31. The stock has a market cap of $122.90 million, a PE ratio of 26.62 and a beta of 1.17.
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.