Short Interest in Amplify Online Retail ETF (NYSEARCA:IBUY) Decreases By 40.8%

Amplify Online Retail ETF (NYSEARCA:IBUY) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 30,943 shares, a decline of 40.8% from the February 26th total of 52,270 shares. Based on an average daily volume of 12,196 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.6% of the company’s stock are short sold.

Hedge Funds Weigh In On Amplify Online Retail ETF

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

Amplify Online Retail ETF Stock Performance

Shares of NYSEARCA:IBUY traded down $1.11 during midday trading on Friday, reaching $60.58. 2,513 shares of the company’s stock traded hands, compared to its average volume of 20,010. Amplify Online Retail ETF has a one year low of $51.60 and a one year high of $79.05. The company has a market cap of $118.13 million, a price-to-earnings ratio of 23.29 and a beta of 1.52. The stock has a 50 day moving average of $67.00 and a 200 day moving average of $72.06.

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.