Amplify Digital Payments ETF (NYSEARCA:IPAY) Short Interest Down 22.2% in February

Amplify Digital Payments ETF (NYSEARCA:IPAY) was the target of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 29,535 shares, a decline of 22.2% from the February 12th total of 37,952 shares. Based on an average daily trading volume, of 34,459 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.7% of the shares of the company are sold short. Currently, 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 34,459 shares, the days-to-cover ratio is currently 0.9 days.

Amplify Digital Payments ETF Trading Up 0.7%

IPAY traded up $0.31 during trading on Tuesday, hitting $44.00. The stock had a trading volume of 10,312 shares, compared to its average volume of 43,770. The firm has a market cap of $178.20 million, a PE ratio of 22.03 and a beta of 1.37. Amplify Digital Payments ETF has a 12 month low of $43.34 and a 12 month high of $60.99. The company has a 50 day simple moving average of $47.73 and a 200-day simple moving average of $52.51.

Amplify Digital Payments ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were given a dividend of $0.4108 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Trading of Amplify Digital Payments ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IPAY. CW Advisors LLC acquired a new position in shares of Amplify Digital Payments ETF during the second quarter worth approximately $745,000. Prudential PLC grew its stake in shares of Amplify Digital Payments ETF by 226.9% in the second quarter. Prudential PLC now owns 72,610 shares of the company’s stock worth $4,351,000 after acquiring an additional 50,400 shares during the last quarter. Sava Penzisko Drushtvo A.D. Skopje bought a new position in Amplify Digital Payments ETF during the third quarter worth $8,769,000. Tocqueville Asset Management L.P. acquired a new position in Amplify Digital Payments ETF during the 4th quarter valued at $693,000. Finally, Envestnet Asset Management Inc. acquired a new position in Amplify Digital Payments ETF during the 3rd quarter valued at $260,000.

Amplify Digital Payments ETF Company Profile

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.