Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC – Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,318 shares, a drop of 84.8% from the August 15th total of 15,245 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 11,354 shares, the days-to-cover ratio is presently 0.2 days.
Hedge Funds Weigh In On Amplify Bloomberg AI Value Chain ETF
Several hedge funds and other institutional investors have recently made changes to their positions in AIVC. Hennion & Walsh Asset Management Inc. purchased a new position in Amplify Bloomberg AI Value Chain ETF in the second quarter valued at about $24,175,000. Jane Street Group LLC purchased a new stake in shares of Amplify Bloomberg AI Value Chain ETF in the first quarter worth about $635,000. Flow Traders U.S. LLC acquired a new stake in shares of Amplify Bloomberg AI Value Chain ETF in the third quarter valued at about $650,000. Claris Financial LLC purchased a new stake in shares of Amplify Bloomberg AI Value Chain ETF during the 4th quarter valued at about $493,000. Finally, LPL Financial LLC raised its holdings in shares of Amplify Bloomberg AI Value Chain ETF by 32.6% during the 4th quarter. LPL Financial LLC now owns 16,049 shares of the company’s stock valued at $1,088,000 after buying an additional 3,950 shares during the period.
Amplify Bloomberg AI Value Chain ETF Price Performance
AIVC stock traded up $1.72 during midday trading on Friday, reaching $111.46. 1,386 shares of the company’s stock traded hands, compared to its average volume of 11,833. Amplify Bloomberg AI Value Chain ETF has a fifty-two week low of $61.11 and a fifty-two week high of $124.23. The business has a 50-day moving average price of $108.50 and a two-hundred day moving average price of $97.32. The company has a market capitalization of $122.61 million, a P/E ratio of 21.80 and a beta of 1.30.
About Amplify Bloomberg AI Value Chain ETF
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.
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