Short Interest in Amplify Online Retail ETF (NYSEARCA:IBUY) Expands By 97.2%

Amplify Online Retail ETF (NYSEARCA:IBUY) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 32,108 shares, a growth of 97.2% from the July 15th total of 16,286 shares. Approximately 2.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 9,756 shares, the days-to-cover ratio is currently 3.3 days.

Institutional Investors Weigh In On Amplify Online Retail ETF

A number of hedge funds have recently made changes to their positions in IBUY. Susquehanna International Group LLP bought a new position in Amplify Online Retail ETF during the 3rd quarter valued at about $3,473,000. Ameriprise Financial Inc. increased its holdings in shares of Amplify Online Retail ETF by 19.9% during the third quarter. Ameriprise Financial Inc. now owns 41,833 shares of the company’s stock worth $3,187,000 after buying an additional 6,947 shares in the last quarter. Moran Wealth Management LLC raised its stake in shares of Amplify Online Retail ETF by 41.6% in the first quarter. Moran Wealth Management LLC now owns 34,604 shares of the company’s stock valued at $2,163,000 after acquiring an additional 10,167 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Amplify Online Retail ETF by 8.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,286 shares of the company’s stock valued at $1,436,000 after acquiring an additional 1,439 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of Amplify Online Retail ETF in the fourth quarter valued at approximately $833,000.

Amplify Online Retail ETF Stock Down 1.7%

NYSEARCA:IBUY traded down $1.26 during trading hours on Monday, reaching $72.28. The company had a trading volume of 3,337 shares, compared to its average volume of 15,623. The stock has a 50-day moving average of $70.38 and a two-hundred day moving average of $67.44. Amplify Online Retail ETF has a one year low of $58.08 and a one year high of $79.05. The firm has a market capitalization of $108.42 million, a PE ratio of 23.29 and a beta of 1.45.

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.