Amplify AI Powered Equity ETF (NYSEARCA:AIEQ – Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 306 shares, a decline of 46.5% from the April 30th total of 572 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 3,871 shares, the short-interest ratio is currently 0.1 days.
Amplify AI Powered Equity ETF Stock Up 0.3%
AIEQ stock traded up $0.14 during mid-day trading on Monday, reaching $50.10. 1,116 shares of the stock traded hands, compared to its average volume of 4,797. The firm has a market capitalization of $125.25 million, a PE ratio of 26.62 and a beta of 1.17. The business has a 50-day moving average of $46.63 and a two-hundred day moving average of $45.74. Amplify AI Powered Equity ETF has a 52 week low of $39.89 and a 52 week high of $50.22.
Institutional Trading of Amplify AI Powered Equity ETF
Several hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC grew its holdings in Amplify AI Powered Equity ETF by 113.2% in 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. Raymond James Financial Inc. bought a new position in Amplify AI Powered Equity ETF in the 2nd quarter worth approximately $124,000. LPL Financial LLC lifted its holdings 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 worth $9,114,000 after buying an additional 2,261 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Amplify AI Powered Equity ETF by 290.3% in the fourth quarter. Royal Bank of Canada now owns 2,373 shares of the company’s stock valued at $107,000 after acquiring an additional 1,765 shares during the period. Finally, Parallel Advisors LLC bought a new stake in shares of Amplify AI Powered Equity ETF in the fourth quarter valued at approximately $45,000.
Amplify AI Powered Equity ETF Company Profile
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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