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

Amplify Digital Payments ETF (NYSEARCA:IPAY) was the recipient of a large decline in short interest in 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. Approximately 0.7% of the company’s stock are short sold. Based on an average trading volume of 34,459 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 34,459 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.7% of the company’s stock are short sold.

Institutional Trading of Amplify Digital Payments ETF

A number of institutional investors have recently made changes to their positions in IPAY. Parallel Advisors LLC purchased a new position in Amplify Digital Payments ETF during the 4th quarter worth $26,000. Steward Partners Investment Advisory LLC raised its stake in Amplify Digital Payments ETF by 467.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 567 shares of the company’s stock valued at $30,000 after buying an additional 467 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in Amplify Digital Payments ETF in the second quarter valued at about $41,000. Advisory Services Network LLC acquired a new stake in Amplify Digital Payments ETF in the third quarter worth about $42,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in Amplify Digital Payments ETF in the fourth quarter worth about $51,000.

Amplify Digital Payments ETF Stock Performance

NYSEARCA:IPAY traded down $0.27 during midday trading on Friday, reaching $43.37. 11,554 shares of the stock traded hands, compared to its average volume of 44,852. The stock has a market capitalization of $175.65 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 business has a 50-day moving average of $47.91 and a two-hundred day moving average of $52.63.

Amplify Digital Payments ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were given a dividend of $0.4108 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.8%.

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.