Short Interest in Amplify Bitcoin 2% Monthly Option Income ETF (BATS:BITY) Rises By 295.7%

Amplify Bitcoin 2% Monthly Option Income ETF (BATS:BITY) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 13,607 shares, an increase of 295.7% from the May 14th total of 3,439 shares. Based on an average daily volume of 4,167 shares, the short-interest ratio is presently 3.3 days. Approximately 12.4% of the company’s shares are sold short.

Amplify Bitcoin 2% Monthly Option Income ETF Trading Up 0.3%

BATS BITY opened at $26.43 on Friday. Amplify Bitcoin 2% Monthly Option Income ETF has a twelve month low of $24.39 and a twelve month high of $61.76. The firm’s 50 day moving average price is $31.63 and its two-hundred day moving average price is $34.63.

Institutional Trading of Amplify Bitcoin 2% Monthly Option Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new stake in shares of Amplify Bitcoin 2% Monthly Option Income ETF during the fourth quarter worth $40,000. OLD Mission Capital LLC purchased a new stake in shares of Amplify Bitcoin 2% Monthly Option Income ETF during the fourth quarter worth $297,000. Finally, Jane Street Group LLC purchased a new stake in shares of Amplify Bitcoin 2% Monthly Option Income ETF during the second quarter worth $637,000.

About Amplify Bitcoin 2% Monthly Option Income ETF

Amplify ETF Trust – Amplify Bitcoin 24% Premium Income ETF is an exchange traded fund launched and managed by Amplify Investments LLC. It invests in fixed income and currency markets of the United States. For its fixed income portion, it invests directly in U.S Treasuries and cash with the maturity of 1 month to 2 years. For its currency portion, it invests through derivatives and through other funds in bitcoin. The fund uses derivatives such as options to create its portfolio. It seeks to invests through a wholly-owned Cayman Islands subsidiary.