Short Interest in Amplify Online Retail ETF (NYSEARCA:IBUY) Declines By 13.8%

Amplify Online Retail ETF (NYSEARCA:IBUY) saw a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 555 shares, a decline of 13.8% from the December 31st total of 644 shares. Based on an average trading volume of 6,495 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 6,495 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Amplify Online Retail ETF

Several hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP purchased a new position in shares of Amplify Online Retail ETF during the third quarter valued at approximately $3,473,000. Ameriprise Financial Inc. raised its holdings in shares of Amplify Online Retail ETF by 19.9% in 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 during the period. Natural Investments LLC bought a new stake in shares of Amplify Online Retail ETF during the 3rd quarter worth approximately $2,871,000. Moran Wealth Management LLC boosted its holdings in Amplify Online Retail ETF by 58.3% during the 4th quarter. Moran Wealth Management LLC now owns 24,437 shares of the company’s stock valued at $1,819,000 after acquiring an additional 8,998 shares during the period. Finally, Florin Court Capital LLP grew its position in Amplify Online Retail ETF by 53.8% in the 3rd quarter. Florin Court Capital LLP now owns 13,600 shares of the company’s stock valued at $1,036,000 after acquiring an additional 4,758 shares during the last quarter.

Amplify Online Retail ETF Price Performance

Shares of NYSEARCA:IBUY traded down $1.48 during trading on Tuesday, hitting $71.03. The company had a trading volume of 4,677 shares, compared to its average volume of 7,017. The stock has a market cap of $138.50 million, a price-to-earnings ratio of 23.29 and a beta of 1.52. The company has a fifty day simple moving average of $74.79 and a two-hundred day simple moving average of $74.09. Amplify Online Retail ETF has a one year low of $51.60 and a one year high of $79.05.

About Amplify Online Retail ETF

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.