Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Short Interest Down 45.7% in May

Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 301,282 shares, a decrease of 45.7% from the April 30th total of 554,608 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average trading volume of 345,043 shares, the short-interest ratio is presently 0.9 days.

Amplify Transformational Data Sharing ETF Stock Performance

Shares of BLOK opened at $67.96 on Monday. The company has a 50 day moving average price of $58.45 and a 200-day moving average price of $58.43. Amplify Transformational Data Sharing ETF has a fifty-two week low of $46.90 and a fifty-two week high of $75.89. The stock has a market capitalization of $1.34 billion, a PE ratio of 24.76 and a beta of 2.14.

Institutional Investors Weigh In On Amplify Transformational Data Sharing ETF

Several hedge funds have recently modified their holdings of BLOK. Northwestern Mutual Wealth Management Co. lifted its position in shares of Amplify Transformational Data Sharing ETF by 18,704.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,263,162 shares of the company’s stock worth $242,531,000 after purchasing an additional 4,240,491 shares during the period. Morgan Stanley lifted its position in shares of Amplify Transformational Data Sharing ETF by 14.0% in the 4th quarter. Morgan Stanley now owns 1,559,411 shares of the company’s stock worth $88,715,000 after purchasing an additional 191,238 shares during the period. Thryve Wealth Management LLC purchased a new stake in shares of Amplify Transformational Data Sharing ETF in the 4th quarter worth approximately $7,601,000. Riggs Asset Managment Co. Inc. purchased a new stake in shares of Amplify Transformational Data Sharing ETF in the 3rd quarter worth approximately $5,865,000. Finally, Gradient Investments LLC lifted its position in shares of Amplify Transformational Data Sharing ETF by 14.7% in the 4th quarter. Gradient Investments LLC now owns 489,567 shares of the company’s stock worth $27,851,000 after purchasing an additional 62,622 shares during the period.

About Amplify Transformational Data Sharing ETF

The Amplify Transformational Data Sharing ETF (BLOK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio mainly consisting of global equities focusing on blockchain technology. BLOK was launched on Jan 16, 2018 and is managed by Amplify.