Amplify Digital Payments ETF (NYSEARCA:IPAY) Sees Significant Increase in Short Interest

Amplify Digital Payments ETF (NYSEARCA:IPAY) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 207,364 shares, an increase of 459.8% from the January 15th total of 37,045 shares. Approximately 5.1% of the shares of the company are short sold. Based on an average daily volume of 57,980 shares, the days-to-cover ratio is currently 3.6 days. Based on an average daily volume of 57,980 shares, the days-to-cover ratio is currently 3.6 days. Approximately 5.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Amplify Digital Payments ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC raised its holdings in Amplify Digital Payments ETF by 37.3% in the 4th quarter. Jane Street Group LLC now owns 29,671 shares of the company’s stock worth $1,544,000 after purchasing an additional 8,065 shares during the period. Financial Engines Advisors L.L.C. increased its position in shares of Amplify Digital Payments ETF by 7.7% in 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 buying an additional 4,491 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new position in shares of Amplify Digital Payments ETF during the 4th quarter worth approximately $693,000. Steward Partners Investment Advisory LLC lifted its position in shares of Amplify Digital Payments ETF by 467.0% during the 4th 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 in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of 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 in the last quarter.

Amplify Digital Payments ETF Stock Performance

NYSEARCA IPAY traded down $2.56 during mid-day trading on Thursday, reaching $44.08. 16,111 shares of the stock were exchanged, compared to its average volume of 49,628. The business’s 50 day moving average is $51.10 and its 200-day moving average is $54.63. Amplify Digital Payments ETF has a 1 year low of $44.07 and a 1 year high of $62.05. The company has a market capitalization of $178.52 million, a P/E ratio of 22.03 and a beta of 1.37.

Amplify Digital Payments ETF Dividend Announcement

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 dividend of $0.4108 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, December 30th.

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.