Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Sees Large Decline in Short Interest

Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) was the target of a large decline in short interest in March. As of March 31st, there was short interest totaling 396,545 shares, a decline of 20.4% from the March 15th total of 498,368 shares. Currently, 2.1% of the company’s stock are short sold. Based on an average daily trading volume, of 229,472 shares, the days-to-cover ratio is presently 1.7 days.

Amplify Transformational Data Sharing ETF Price Performance

BLOK traded up $1.57 on Friday, hitting $60.26. The company had a trading volume of 131,912 shares, compared to its average volume of 406,156. The company’s fifty day moving average price is $53.25 and its 200 day moving average price is $60.02. Amplify Transformational Data Sharing ETF has a 1-year low of $35.33 and a 1-year high of $75.89. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 24.76 and a beta of 2.10.

Institutional Investors Weigh In On Amplify Transformational Data Sharing ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new stake in Amplify Transformational Data Sharing ETF in the 3rd quarter worth approximately $27,000. Signaturefd LLC lifted its holdings in Amplify Transformational Data Sharing ETF by 88.3% in the 4th quarter. Signaturefd LLC now owns 565 shares of the company’s stock worth $32,000 after purchasing an additional 265 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in Amplify Transformational Data Sharing ETF by 69.0% in the 3rd quarter. Sound Income Strategies LLC now owns 485 shares of the company’s stock worth $36,000 after purchasing an additional 198 shares during the last quarter. Rossby Financial LCC acquired a new stake in Amplify Transformational Data Sharing ETF in the 3rd quarter worth approximately $43,000. Finally, Strategic Advocates LLC acquired a new stake in Amplify Transformational Data Sharing ETF in the 3rd quarter worth approximately $50,000.

About Amplify Transformational Data Sharing ETF

The Amplify Transformational Data Sharing ETF (BLOK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio mainly consisting of global equities focusing on blockchain technology. BLOK was launched on Jan 16, 2018 and is managed by Amplify.