Short Interest in Amplify Online Retail ETF (NYSEARCA:IBUY) Rises By 97.2%

Amplify Online Retail ETF (NYSEARCA:IBUY) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 32,108 shares, an increase of 97.2% from the July 15th total of 16,286 shares. Based on an average daily trading volume, of 9,756 shares, the days-to-cover ratio is presently 3.3 days. Approximately 2.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Amplify Online Retail ETF

A number of hedge funds have recently modified their holdings of IBUY. Susquehanna International Group LLP purchased a new position in Amplify Online Retail ETF during the third quarter worth about $3,473,000. Ameriprise Financial Inc. acquired a new stake in shares of Amplify Online Retail ETF during the 2nd quarter worth approximately $2,408,000. Ameritas Advisory Services LLC purchased a new stake in shares of Amplify Online Retail ETF during the 4th quarter valued at approximately $833,000. Moran Wealth Management LLC raised its position in shares of Amplify Online Retail ETF by 41.6% during the 1st quarter. Moran Wealth Management LLC now owns 34,604 shares of the company’s stock valued at $2,163,000 after buying an additional 10,167 shares during the period. Finally, Jane Street Group LLC raised its position in shares of Amplify Online Retail ETF by 176.6% during the 2nd quarter. Jane Street Group LLC now owns 10,510 shares of the company’s stock valued at $726,000 after buying an additional 6,710 shares during the period.

Amplify Online Retail ETF Stock Performance

NYSEARCA IBUY opened at $72.12 on Tuesday. The stock’s fifty day moving average is $70.51 and its two-hundred day moving average is $67.42. The firm has a market capitalization of $108.18 million, a P/E ratio of 23.29 and a beta of 1.45. Amplify Online Retail ETF has a fifty-two week low of $58.08 and a fifty-two week high of $79.05.

About Amplify Online Retail ETF

The Amplify Online Retail ETF (IBUY) is an exchange-traded fund that is based on the EQM Online Retail index. The fund tracks an index of global stocks issued by firms with revenues dominated by online retail sales. Stocks are equally weighted within two geographic buckets. IBUY was launched on Apr 20, 2016 and is managed by Amplify.