Amplify Online Retail ETF (NYSEARCA:IBUY – Get Free Report) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 4,913 shares, a decrease of 77.9% from the September 30th total of 22,256 shares. Based on an average daily trading volume, of 10,388 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the stock are sold short.
Institutional Investors Weigh In On Amplify Online Retail ETF
A number of institutional investors have recently added to or reduced their stakes in the stock. Moran Wealth Management LLC boosted its stake in Amplify Online Retail ETF by 41.6% in the 1st quarter. Moran Wealth Management LLC now owns 34,604 shares of the company’s stock valued at $2,163,000 after buying an additional 10,167 shares in the last quarter. Avior Wealth Management LLC bought a new position in shares of Amplify Online Retail ETF during the third quarter valued at $4,258,000. Ameritas Advisory Services LLC boosted its stake in shares of Amplify Online Retail ETF by 46.3% in the 2nd quarter. Ameritas Advisory Services LLC now owns 16,614 shares of the company’s stock valued at $1,148,000 after purchasing an additional 5,258 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Amplify Online Retail ETF by 95.7% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,508 shares of the company’s stock valued at $344,000 after purchasing an additional 2,694 shares in the last quarter.
Amplify Online Retail ETF Price Performance
Shares of Amplify Online Retail ETF stock traded up $1.33 during trading on Thursday, hitting $71.53. 3,183 shares of the company’s stock traded hands, compared to its average volume of 14,064. The firm’s fifty day moving average price is $69.66 and its 200 day moving average price is $68.49. Amplify Online Retail ETF has a twelve month low of $58.08 and a twelve month high of $77.24. The company has a market cap of $128.75 million, a PE ratio of 23.29 and a beta of 1.48.
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.
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