Amplify Digital Payments ETF (NYSEARCA:IPAY – Get Free Report) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 70,673 shares, a growth of 201.6% from the June 30th total of 23,433 shares. Based on an average trading volume of 60,233 shares, the short-interest ratio is presently 1.2 days. Approximately 2.2% of the shares of the company are sold short.
Institutional Investors Weigh In On Amplify Digital Payments ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Financial Engines Advisors L.L.C. raised its holdings in Amplify Digital Payments ETF by 7.7% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 62,912 shares of the company’s stock valued at $3,274,000 after acquiring an additional 4,491 shares during the period. Royal Bank of Canada raised its stake in Amplify Digital Payments ETF by 9.3% during the first quarter. Royal Bank of Canada now owns 41,543 shares of the company’s stock valued at $1,778,000 after purchasing an additional 3,540 shares in the last quarter. Jane Street Group LLC raised its stake in Amplify Digital Payments ETF by 37.3% during the fourth quarter. Jane Street Group LLC now owns 29,671 shares of the company’s stock valued at $1,544,000 after purchasing an additional 8,065 shares in the last quarter. Bank of Montreal Can lifted its position in Amplify Digital Payments ETF by 1,242.6% during the fourth quarter. Bank of Montreal Can now owns 24,033 shares of the company’s stock valued at $1,251,000 after purchasing an additional 22,243 shares during the last quarter. Finally, SOL Capital Management CO lifted its position in Amplify Digital Payments ETF by 88.1% during the fourth quarter. SOL Capital Management CO now owns 18,417 shares of the company’s stock valued at $958,000 after purchasing an additional 8,625 shares during the last quarter.
Amplify Digital Payments ETF Stock Up 2.6%
NYSEARCA:IPAY traded up $1.24 on Monday, hitting $49.25. The stock had a trading volume of 50,283 shares, compared to its average volume of 40,948. The stock has a market cap of $167.45 million, a price-to-earnings ratio of 22.03 and a beta of 1.23. The business’s 50-day simple moving average is $46.08 and its two-hundred day simple moving average is $46.36. Amplify Digital Payments ETF has a 52-week low of $41.26 and a 52-week high of $60.99.
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.
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