Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC – Get Free Report) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 1,998 shares, an increase of 306.1% from the September 30th total of 492 shares. Based on an average trading volume of 10,882 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.
Institutional Trading of Amplify Bloomberg AI Value Chain ETF
Hedge funds and other institutional investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. purchased a new stake in Amplify Bloomberg AI Value Chain ETF in the 2nd quarter valued at about $24,175,000. Envestnet Asset Management Inc. purchased a new stake in shares of Amplify Bloomberg AI Value Chain ETF in the 2nd quarter worth $1,212,000. Finally, Root Financial Partners LLC bought a new position in shares of Amplify Bloomberg AI Value Chain ETF during the 3rd quarter worth $30,000.
Amplify Bloomberg AI Value Chain ETF Stock Down 2.9%
AIVC traded down $3.28 on Thursday, hitting $108.04. The company had a trading volume of 5,001 shares, compared to its average volume of 11,300. The business’s fifty day simple moving average is $111.98 and its 200 day simple moving average is $95.99. The company has a market cap of $129.65 million, a PE ratio of 21.80 and a beta of 1.30. Amplify Bloomberg AI Value Chain ETF has a 12-month low of $61.11 and a 12-month high of $124.23.
Amplify Bloomberg AI Value Chain ETF Company Profile
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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