Amplify Digital Payments ETF (NYSEARCA:IPAY – Get Free Report) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 40,630 shares, a decline of 42.5% from the July 15th total of 70,673 shares. Based on an average trading volume of 92,375 shares, the short-interest ratio is presently 0.4 days. Currently, 1.1% of the company’s shares are short sold.
Amplify Digital Payments ETF Price Performance
Shares of Amplify Digital Payments ETF stock traded down $0.93 during trading on Monday, hitting $51.18. The stock had a trading volume of 11,593 shares, compared to its average volume of 42,774. The firm’s fifty day simple moving average is $47.81 and its 200-day simple moving average is $46.26. The stock has a market cap of $184.25 million, a PE ratio of 22.03 and a beta of 1.22. Amplify Digital Payments ETF has a 12 month low of $41.26 and a 12 month high of $60.99.
Institutional Trading of Amplify Digital Payments ETF
Institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can raised its position in Amplify Digital Payments ETF by 1,242.6% during the 4th 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 in the last quarter. Tocqueville Asset Management L.P. purchased a new position in shares of Amplify Digital Payments ETF during the fourth quarter valued at $693,000. Jane Street Group LLC increased its stake in shares of Amplify Digital Payments ETF by 88.6% during the second quarter. Jane Street Group LLC now owns 21,500 shares of the company’s stock valued at $1,288,000 after buying an additional 10,101 shares during the period. Dynamic Advisor Solutions LLC bought a new stake in shares of Amplify Digital Payments ETF in the second quarter valued at about $456,000. Finally, SOL Capital Management CO raised its holdings in shares of Amplify Digital Payments ETF by 88.1% in the fourth quarter. SOL Capital Management CO now owns 18,417 shares of the company’s stock valued at $958,000 after acquiring an additional 8,625 shares in the last quarter.
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.
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