Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Short Interest Up 92.4% in June

Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 436,036 shares, a growth of 92.4% from the June 15th total of 226,673 shares. Currently, 2.4% of the company’s stock are sold short. Based on an average daily volume of 203,280 shares, the days-to-cover ratio is presently 2.1 days.

Amplify Transformational Data Sharing ETF Price Performance

BLOK traded down $1.11 on Friday, reaching $58.53. 170,417 shares of the company traded hands, compared to its average volume of 366,044. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 24.76 and a beta of 2.15. The stock’s 50 day moving average price is $63.86 and its 200-day moving average price is $59.25. Amplify Transformational Data Sharing ETF has a 52-week low of $46.90 and a 52-week high of $75.89.

Hedge Funds Weigh In On Amplify Transformational Data Sharing ETF

A number of hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its stake in Amplify Transformational Data Sharing ETF by 18,704.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,263,162 shares of the company’s stock valued at $242,531,000 after purchasing an additional 4,240,491 shares in the last quarter. Morgan Stanley grew its stake in shares of Amplify Transformational Data Sharing ETF by 14.0% in the 4th quarter. Morgan Stanley now owns 1,559,411 shares of the company’s stock valued at $88,715,000 after buying an additional 191,238 shares in the last quarter. Thryve Wealth Management LLC acquired a new position in Amplify Transformational Data Sharing ETF in the fourth quarter worth approximately $7,601,000. Gradient Investments LLC increased its holdings in Amplify Transformational Data Sharing ETF by 14.7% in the fourth quarter. Gradient Investments LLC now owns 489,567 shares of the company’s stock worth $27,851,000 after buying an additional 62,622 shares during the last quarter. Finally, Orion Porfolio Solutions LLC raised its position in Amplify Transformational Data Sharing ETF by 731.6% during the second quarter. Orion Porfolio Solutions LLC now owns 53,258 shares of the company’s stock valued at $3,042,000 after acquiring an additional 46,854 shares in the last quarter.

About Amplify Transformational Data Sharing ETF

The Amplify Transformational Data Sharing ETF (BLOK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio mainly consisting of global equities focusing on blockchain technology. BLOK was launched on Jan 16, 2018 and is managed by Amplify.