Amplify Digital Payments ETF (NYSEARCA:IPAY) Short Interest Down 42.5% in July
by Michael Walen · The Markets DailyAmplify Digital Payments ETF (NYSEARCA:IPAY – Get Free Report) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 40,630 shares, a decrease of 42.5% from the July 15th total of 70,673 shares. Based on an average daily trading volume, of 92,375 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.1% of the shares of the stock are short sold.
Amplify Digital Payments ETF Trading Up 0.0%
Shares of NYSEARCA IPAY traded up $0.01 during trading on Tuesday, reaching $50.78. The company had a trading volume of 45,492 shares, compared to its average volume of 43,297. Amplify Digital Payments ETF has a twelve month low of $41.26 and a twelve month high of $60.99. The stock has a market capitalization of $182.81 million, a PE ratio of 22.03 and a beta of 1.22. The stock has a 50-day moving average price of $47.96 and a two-hundred day moving average price of $46.26.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in IPAY. Financial Engines Advisors L.L.C. boosted its stake in shares of Amplify Digital Payments ETF by 7.7% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 62,912 shares of the company’s stock worth $3,274,000 after purchasing an additional 4,491 shares during the last quarter. Royal Bank of Canada boosted its position in Amplify Digital Payments ETF by 9.3% during the first quarter. Royal Bank of Canada now owns 41,543 shares of the company’s stock worth $1,778,000 after acquiring an additional 3,540 shares during the last quarter. Jane Street Group LLC boosted its position in Amplify Digital Payments ETF by 37.3% during the fourth quarter. Jane Street Group LLC now owns 29,671 shares of the company’s stock worth $1,544,000 after acquiring an additional 8,065 shares during the last quarter. Bank of Montreal Can grew its stake in Amplify Digital Payments ETF by 1,242.6% in the 4th quarter. Bank of Montreal Can now owns 24,033 shares of the company’s stock worth $1,251,000 after acquiring an additional 22,243 shares during the period. Finally, SOL Capital Management CO grew its stake in Amplify Digital Payments ETF by 88.1% in the 4th quarter. SOL Capital Management CO now owns 18,417 shares of the company’s stock worth $958,000 after acquiring an additional 8,625 shares during the period.
Amplify Digital Payments ETF Company Profile
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.