Amplify Online Retail ETF (NYSEARCA:IBUY) Shares Shorted: Short Interest Up 65.1% in September

Amplify Online Retail ETF (NYSEARCA:IBUY) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 34,251 shares, a growth of 65.1% from the August 31st total of 20,750 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average daily trading volume, of 16,944 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Trading of Amplify Online Retail ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBUY. 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 worth $2,163,000 after purchasing an additional 10,167 shares during the last quarter. Ameritas Advisory Services LLC increased its position in shares of Amplify Online Retail ETF by 46.3% during the second quarter. Ameritas Advisory Services LLC now owns 16,614 shares of the company’s stock valued at $1,148,000 after acquiring an additional 5,258 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its position in shares of Amplify Online Retail ETF by 95.7% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,508 shares of the company’s stock valued at $344,000 after purchasing an additional 2,694 shares during the last quarter.

Amplify Online Retail ETF Trading Up 0.4%

Shares of IBUY traded up $0.24 on Wednesday, reaching $67.01. The company’s stock had a trading volume of 3,454 shares, compared to its average volume of 14,908. Amplify Online Retail ETF has a twelve month low of $58.08 and a twelve month high of $77.38. The stock has a market capitalization of $120.62 million, a PE ratio of 23.29 and a beta of 1.46. The firm has a fifty day moving average of $71.04 and a 200-day moving average of $68.20.

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.