Short Interest in Amplify Bitcoin Max Income Covered Call ETF (BATS:BAGY) Drops By 55.5%

Amplify Bitcoin Max Income Covered Call ETF (BATS:BAGY) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 1,210 shares, a decline of 55.5% from the July 30th total of 2,717 shares. Based on an average daily volume of 3,491 shares, the short-interest ratio is currently 0.3 days. Currently, 1.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Amplify Bitcoin Max Income Covered Call ETF stock. Kestra Advisory Services LLC purchased a new stake in Amplify Bitcoin Max Income Covered Call ETF (BATS:BAGY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 960 shares of the company’s stock, valued at approximately $35,000. Kestra Advisory Services LLC owned approximately 0.30% of Amplify Bitcoin Max Income Covered Call ETF as of its most recent filing with the SEC.

Amplify Bitcoin Max Income Covered Call ETF Price Performance

BAGY opened at $23.47 on Monday. Amplify Bitcoin Max Income Covered Call ETF has a 12-month low of $21.30 and a 12-month high of $58.39. The business’s fifty day simple moving average is $23.14 and its 200-day simple moving average is $26.79.

Amplify Bitcoin Max Income Covered Call ETF Company Profile

Amplify ETF Trust – Amplify Bitcoin Max Income Covered Call ETF is an exchange traded fund launched and managed by Amplify Investments LLC. It invests in fixed income and currency markets of the United States. For its fixed income portion, it invests directly in U.S Treasuries and cash with the maturity of 6 month to 2 years. For its currency portion, it invests through derivatives and through other funds in bitcoin. The fund uses derivatives such as options to create its portfolio. It seeks to invests through a wholly-owned Cayman Islands subsidiary.