Amplify Online Retail ETF (NYSEARCA:IBUY) Short Interest Down 45.8% in February

Amplify Online Retail ETF (NYSEARCA:IBUY) was the recipient of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 52,270 shares, a decline of 45.8% from the February 12th total of 96,503 shares. Based on an average trading volume of 23,821 shares, the short-interest ratio is presently 2.2 days. Currently, 2.7% of the company’s shares are sold short. Currently, 2.7% of the company’s shares are sold short. Based on an average trading volume of 23,821 shares, the short-interest ratio is presently 2.2 days.

Amplify Online Retail ETF Price Performance

Shares of Amplify Online Retail ETF stock traded down $1.51 on Thursday, hitting $63.10. 5,362 shares of the company’s stock traded hands, compared to its average volume of 17,188. The firm’s 50-day moving average price is $70.04 and its two-hundred day moving average price is $72.92. The stock has a market capitalization of $123.05 million, a PE ratio of 23.29 and a beta of 1.52. Amplify Online Retail ETF has a one year low of $51.60 and a one year high of $79.05.

Hedge Funds Weigh In On Amplify Online Retail ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Horizon Investments LLC acquired a new position in shares of Amplify Online Retail ETF during the 3rd quarter worth about $56,000. Larson Financial Group LLC bought a new position in Amplify Online Retail ETF during the 4th quarter worth approximately $76,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Amplify Online Retail ETF during the 3rd quarter worth approximately $91,000. Flagship Harbor Advisors LLC acquired a new position in Amplify Online Retail ETF during the fourth quarter valued at approximately $93,000. Finally, Kestra Advisory Services LLC acquired a new position in Amplify Online Retail ETF during the fourth quarter valued at approximately $147,000.

Amplify Online Retail ETF Company Profile

The Amplify Online Retail ETF (IBUY) is an exchange-traded fund that is based on the EQM Online Retail index. The fund tracks an index of global stocks issued by firms with revenues dominated by online retail sales. Stocks are equally weighted within two geographic buckets. IBUY was launched on Apr 20, 2016 and is managed by Amplify.