Amplify Digital Payments ETF (NYSEARCA:IPAY) Short Interest Update

Amplify Digital Payments ETF (NYSEARCA:IPAY) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 40,630 shares, a decline of 42.5% from the July 15th total of 70,673 shares. Based on an average daily volume of 92,375 shares, the short-interest ratio is currently 0.4 days. Currently, 1.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Financial Engines Advisors L.L.C. raised its position in Amplify Digital Payments ETF by 7.7% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 62,912 shares of the company’s stock valued at $3,274,000 after purchasing an additional 4,491 shares during the period. Royal Bank of Canada increased its position in shares of Amplify Digital Payments ETF by 9.3% during the 1st quarter. Royal Bank of Canada now owns 41,543 shares of the company’s stock valued at $1,778,000 after purchasing an additional 3,540 shares during the last quarter. Jane Street Group LLC increased its position in shares of Amplify Digital Payments ETF by 37.3% during the 4th quarter. Jane Street Group LLC now owns 29,671 shares of the company’s stock valued at $1,544,000 after purchasing an additional 8,065 shares during the last quarter. Bank of Montreal Can raised its holdings in Amplify Digital Payments ETF by 1,242.6% during the 4th quarter. Bank of Montreal Can now owns 24,033 shares of the company’s stock valued at $1,251,000 after buying an additional 22,243 shares during the period. Finally, SOL Capital Management CO raised its holdings in Amplify Digital Payments ETF by 88.1% during the 4th quarter. SOL Capital Management CO now owns 18,417 shares of the company’s stock valued at $958,000 after buying an additional 8,625 shares during the period.

Amplify Digital Payments ETF Stock Performance

IPAY stock traded down $0.93 during trading on Monday, hitting $51.18. 11,593 shares of the company’s stock traded hands, compared to its average volume of 42,774. Amplify Digital Payments ETF has a 52 week low of $41.26 and a 52 week high of $60.99. The business has a fifty day simple moving average of $47.81 and a 200 day simple moving average of $46.26. The stock has a market capitalization of $184.25 million, a price-to-earnings ratio of 22.03 and a beta of 1.22.

About Amplify Digital Payments ETF

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.