Amplify Alternative Harvest ETF (NYSEARCA:MJ – Get Free Report) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 135,471 shares, a growth of 121.5% from the May 31st total of 61,162 shares. Based on an average daily volume of 47,504 shares, the days-to-cover ratio is currently 2.9 days. Approximately 2.7% of the shares of the company are sold short.
Amplify Alternative Harvest ETF Trading Down 0.9%
Amplify Alternative Harvest ETF stock traded down $0.24 during trading hours on Wednesday, reaching $25.51. 21,517 shares of the stock were exchanged, compared to its average volume of 45,085. The company has a market cap of $126.78 million, a P/E ratio of 16.86 and a beta of 1.12. Amplify Alternative Harvest ETF has a twelve month low of $18.02 and a twelve month high of $46.75. The stock has a 50 day moving average of $26.15 and a two-hundred day moving average of $26.94.
Hedge Funds Weigh In On Amplify Alternative Harvest ETF
A number of hedge funds have recently modified their holdings of MJ. Jane Street Group LLC lifted its position in shares of Amplify Alternative Harvest ETF by 42.3% in the 1st quarter. Jane Street Group LLC now owns 182,616 shares of the company’s stock worth $3,561,000 after purchasing an additional 54,316 shares during the period. OLD Mission Capital LLC raised its stake in Amplify Alternative Harvest ETF by 65.5% during the fourth quarter. OLD Mission Capital LLC now owns 108,013 shares of the company’s stock worth $3,218,000 after buying an additional 42,752 shares during the last quarter. UBS Group AG lifted its holdings in Amplify Alternative Harvest ETF by 9.3% in the third quarter. UBS Group AG now owns 19,805 shares of the company’s stock valued at $740,000 after buying an additional 1,681 shares during the period. Cetera Investment Advisers lifted its holdings in Amplify Alternative Harvest ETF by 4.4% in the first quarter. Cetera Investment Advisers now owns 16,028 shares of the company’s stock valued at $369,000 after buying an additional 680 shares during the period. Finally, Group One Trading LLC acquired a new position in Amplify Alternative Harvest ETF in the third quarter valued at $379,000.
Amplify Alternative Harvest ETF Company Profile
The ETFMG Alternative Harvest ETF (MJ) is an exchange-traded fund that is based on the Prime Alternative Harvest index. The fund tracks an index of global firms engaged in the legal cultivation, production, marketing or distribution of cannabis, cannabinoids or tobacco products. The portfolio is weighted by market cap or equally based on a proprietary system. MJ was launched on Dec 2, 2015 and is managed by ETF Managers Group.
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