Short Interest in Amplify Digital Payments ETF (NYSEARCA:IPAY) Decreases By 22.2%

Amplify Digital Payments ETF (NYSEARCA:IPAY) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 29,535 shares, a decline of 22.2% from the February 12th total of 37,952 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 34,459 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 34,459 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.7% of the company’s shares are sold short.

Amplify Digital Payments ETF Trading Down 0.6%

NYSEARCA:IPAY traded down $0.27 during midday trading on Friday, hitting $43.37. 11,554 shares of the company traded hands, compared to its average volume of 44,852. The firm has a market capitalization of $175.65 million, a P/E ratio of 22.03 and a beta of 1.37. The firm’s fifty day moving average is $47.91 and its 200-day moving average is $52.63. Amplify Digital Payments ETF has a 12-month low of $43.34 and a 12-month high of $60.99.

Amplify Digital Payments ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were paid a $0.4108 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $1.64 annualized dividend and a dividend yield of 3.8%.

Institutional Investors Weigh In On Amplify Digital Payments ETF

Several institutional investors have recently made changes to their positions in IPAY. Parallel Advisors LLC bought a new position in Amplify Digital Payments ETF during the 4th quarter valued at about $26,000. Steward Partners Investment Advisory LLC boosted its position in shares of Amplify Digital Payments ETF by 467.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 567 shares of the company’s stock valued at $30,000 after buying an additional 467 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in shares of Amplify Digital Payments ETF during the second quarter valued at approximately $41,000. Advisory Services Network LLC bought a new position in shares of Amplify Digital Payments ETF during the third quarter valued at approximately $42,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Amplify Digital Payments ETF in the fourth quarter worth approximately $51,000.

Amplify Digital Payments ETF Company Profile

The ETFMG Prime Mobile Payments ETF (IPAY) is an exchange-traded fund that is based on the Prime Mobile Payments index. The fund tracks an index of global equity in credit card firms, and companies providing payment infrastructure, payment services, payment processing and payment solutions. IPAY was launched on Jul 15, 2015 and is managed by ETF Managers Group.