Short Interest in Amplify Digital Payments ETF (NYSEARCA:IPAY) Expands By 153.6%

Amplify Digital Payments ETF (NYSEARCA:IPAY) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 27,952 shares, an increase of 153.6% from the December 15th total of 11,021 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average trading volume of 23,450 shares, the days-to-cover ratio is presently 1.2 days. Based on an average trading volume of 23,450 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.7% of the company’s shares are sold short.

Amplify Digital Payments ETF Trading Down 1.4%

Shares of NYSEARCA IPAY traded down $0.73 during trading hours on Thursday, reaching $50.96. The stock had a trading volume of 31,519 shares, compared to its average volume of 32,502. Amplify Digital Payments ETF has a 52-week low of $44.83 and a 52-week high of $62.24. The firm has a market cap of $211.48 million, a price-to-earnings ratio of 22.03 and a beta of 1.37. The business’s fifty day moving average price is $52.21 and its two-hundred day moving average price is $56.21.

Amplify Digital Payments ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were given a dividend of $0.4108 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.2%.

Institutional Trading of Amplify Digital Payments ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wealthfront Advisers LLC lifted its position in Amplify Digital Payments ETF by 3.8% during the third quarter. Wealthfront Advisers LLC now owns 8,455 shares of the company’s stock valued at $483,000 after acquiring an additional 306 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Amplify Digital Payments ETF during the second quarter worth $41,000. Advisory Services Network LLC purchased a new stake in shares of Amplify Digital Payments ETF during the 3rd quarter valued at $42,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Amplify Digital Payments ETF in the 4th quarter worth $51,000. Finally, Miller Global Investments LLC acquired a new stake in shares of Amplify Digital Payments ETF in the 4th quarter worth $52,000.

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.