Amplify Online Retail ETF (NYSEARCA:IBUY) Shares Shorted: Short Interest Down 35.0% in September

by · The Cerbat Gem

Amplify Online Retail ETF (NYSEARCA:IBUY – Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 22,256 shares, a decrease of 35.0% from the September 15th total of 34,251 shares. Based on an average daily volume of 8,294 shares, the short-interest ratio is currently 2.7 days. Currently, 1.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Avior Wealth Management LLC acquired a new stake in shares of Amplify Online Retail ETF during the 3rd quarter valued at $4,258,000. Moran Wealth Management LLC grew its holdings in shares of 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 worth $2,163,000 after acquiring an additional 10,167 shares during the last quarter. Ameritas Advisory Services LLC raised its position in shares of Amplify Online Retail ETF by 46.3% during the second quarter. Ameritas Advisory Services LLC now owns 16,614 shares of the company’s stock worth $1,148,000 after purchasing an additional 5,258 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC raised its position in shares of Amplify Online Retail ETF by 95.7% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 5,508 shares of the company’s stock worth $344,000 after purchasing an additional 2,694 shares during the period.

Amplify Online Retail ETF Stock Performance

Shares of NYSEARCA:IBUY opened at $70.41 on Friday. The stock has a market capitalization of $126.74 million, a price-to-earnings ratio of 23.29 and a beta of 1.48. Amplify Online Retail ETF has a 1-year low of $58.08 and a 1-year high of $77.24. The company has a 50 day moving average price of $70.08 and a 200 day moving average price of $68.69.

Amplify Online Retail ETF Company Profile

(Get Free Report)

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.

See Also