Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) Sees Large Decline in Short Interest

Amplify AI Powered Equity ETF (NYSEARCA:AIEQ) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 262 shares, a drop of 58.7% from the February 26th total of 635 shares. Based on an average daily volume of 4,308 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Amplify AI Powered Equity ETF Stock Performance

Shares of AIEQ stock opened at $43.67 on Thursday. The stock has a fifty day moving average price of $45.24 and a 200 day moving average price of $45.12. The stock has a market cap of $112.67 million, a PE ratio of 26.62 and a beta of 1.16. Amplify AI Powered Equity ETF has a 1 year low of $31.27 and a 1 year high of $46.63.

Amplify AI Powered Equity ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were paid a dividend of $0.1943 per share. This represents a $0.78 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Investors Weigh In On Amplify AI Powered Equity ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. LPL Financial LLC grew its stake in Amplify AI Powered Equity ETF by 1.1% in the 4th quarter. LPL Financial LLC now owns 201,879 shares of the company’s stock valued at $9,114,000 after acquiring an additional 2,261 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Amplify AI Powered Equity ETF by 2.6% in the third quarter. Integrated Wealth Concepts LLC now owns 17,179 shares of the company’s stock valued at $771,000 after purchasing an additional 442 shares in the last quarter. Citadel Advisors LLC lifted its holdings in shares of Amplify AI Powered Equity ETF by 113.2% in the third quarter. Citadel Advisors LLC now owns 14,677 shares of the company’s stock valued at $659,000 after purchasing an additional 7,793 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Amplify AI Powered Equity ETF in the second quarter valued at approximately $124,000. Finally, Royal Bank of Canada grew 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 purchasing an additional 1,765 shares during the last quarter.

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.