Amplify Bitcoin 2% Monthly Option Income ETF (BATS:BITY – Get Free Report) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1,189 shares, a decrease of 91.3% from the May 31st total of 13,607 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,128 shares, the days-to-cover ratio is currently 0.1 days.
Hedge Funds Weigh In On Amplify Bitcoin 2% Monthly Option Income ETF
Several large investors have recently made changes to their positions in BITY. Kestra Advisory Services LLC acquired a new position in shares of Amplify Bitcoin 2% Monthly Option Income ETF in the 4th quarter worth approximately $40,000. OLD Mission Capital LLC acquired a new stake in Amplify Bitcoin 2% Monthly Option Income ETF during the fourth quarter valued at approximately $297,000. Finally, Jane Street Group LLC acquired a new stake in Amplify Bitcoin 2% Monthly Option Income ETF during the second quarter valued at approximately $637,000.
Amplify Bitcoin 2% Monthly Option Income ETF Trading Down 1.0%
BITY stock traded down $0.24 during trading hours on Thursday, hitting $24.64. 3,784 shares of the stock traded hands, compared to its average volume of 7,421. The stock has a 50-day simple moving average of $30.90 and a 200 day simple moving average of $33.80. Amplify Bitcoin 2% Monthly Option Income ETF has a one year low of $24.39 and a one year high of $61.76.
Amplify Bitcoin 2% Monthly Option Income ETF Company Profile
Amplify ETF Trust – Amplify Bitcoin 24% Premium Income ETF is an exchange traded fund launched and managed by Amplify Investments LLC. It invests in fixed income and currency markets of the United States. For its fixed income portion, it invests directly in U.S Treasuries and cash with the maturity of 1 month to 2 years. For its currency portion, it invests through derivatives and through other funds in bitcoin. The fund uses derivatives such as options to create its portfolio. It seeks to invests through a wholly-owned Cayman Islands subsidiary.
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