Amplify Digital Payments ETF (NYSEARCA:IPAY) Short Interest Down 81.7% in February

Amplify Digital Payments ETF (NYSEARCA:IPAY) was the recipient of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 37,952 shares, a drop of 81.7% from the January 29th total of 207,364 shares. Based on an average daily volume of 59,294 shares, the short-interest ratio is presently 0.6 days. Approximately 0.9% of the company’s shares are sold short. Approximately 0.9% of the company’s shares are sold short. Based on an average daily volume of 59,294 shares, the short-interest ratio is presently 0.6 days.

Amplify Digital Payments ETF Price Performance

IPAY stock traded up $0.88 during trading on Wednesday, reaching $45.05. The company had a trading volume of 18,022 shares, compared to its average volume of 47,884. Amplify Digital Payments ETF has a 52 week low of $43.75 and a 52 week high of $60.99. The company has a market cap of $182.45 million, a P/E ratio of 22.03 and a beta of 1.37. The business has a 50 day moving average of $49.75 and a 200 day moving average of $53.79.

Amplify Digital Payments ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were issued a dividend of $0.4108 per share. The ex-dividend date was Tuesday, December 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.6%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Sava Penzisko Drushtvo A.D. Skopje bought a new stake in shares of Amplify Digital Payments ETF during the third quarter valued at approximately $8,769,000. Prudential PLC lifted its position in Amplify Digital Payments ETF by 226.9% during the second quarter. Prudential PLC now owns 72,610 shares of the company’s stock valued at $4,351,000 after buying an additional 50,400 shares during the period. Financial Engines Advisors L.L.C. boosted its holdings in shares of Amplify Digital Payments ETF by 7.7% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 62,912 shares of the company’s stock valued at $3,274,000 after buying an additional 4,491 shares in the last quarter. Biltmore Family Office LLC grew its position in shares of Amplify Digital Payments ETF by 3.3% in the 3rd quarter. Biltmore Family Office LLC now owns 49,975 shares of the company’s stock worth $2,854,000 after buying an additional 1,615 shares during the period. Finally, Flow Traders U.S. LLC grew its position in shares of Amplify Digital Payments ETF by 41.3% in the 2nd quarter. Flow Traders U.S. LLC now owns 29,675 shares of the company’s stock worth $1,778,000 after buying an additional 8,668 shares during the period.

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.