Amplify Digital Payments ETF (NYSEARCA:IPAY) Sees Large Growth in Short Interest

Amplify Digital Payments ETF (NYSEARCA:IPAY) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 70,673 shares, a growth of 201.6% from the June 30th total of 23,433 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average daily volume of 60,233 shares, the short-interest ratio is presently 1.2 days.

Institutional Investors Weigh In On Amplify Digital Payments ETF

Large investors have recently bought and sold shares of the company. Parallel Advisors LLC bought a new position in Amplify Digital Payments ETF in the fourth quarter valued at approximately $26,000. Steward Partners Investment Advisory LLC increased its holdings in Amplify Digital Payments ETF by 467.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 567 shares of the company’s stock worth $30,000 after purchasing an additional 467 shares in the last quarter. Advisory Services Network LLC bought a new position in Amplify Digital Payments ETF in the third quarter valued at about $42,000. Y.D. More Investments Ltd acquired a new stake in shares of Amplify Digital Payments ETF during the first quarter valued at about $33,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Amplify Digital Payments ETF during the first quarter valued at about $47,000.

Amplify Digital Payments ETF Stock Up 2.3%

Shares of IPAY traded up $1.12 during trading hours on Tuesday, hitting $50.62. The company had a trading volume of 82,772 shares, compared to its average volume of 41,391. The business has a fifty day moving average of $46.17 and a 200-day moving average of $46.33. The firm has a market cap of $172.11 million, a price-to-earnings ratio of 22.03 and a beta of 1.23. Amplify Digital Payments ETF has a 12 month low of $41.26 and a 12 month high of $60.99.

About Amplify Digital Payments ETF

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.