Amplify Etho Climate Leadership U.S. ETF (NYSEARCA:ETHO) Short Interest Down 62.6% in August

Amplify Etho Climate Leadership U.S. ETF (NYSEARCA:ETHO) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 5,373 shares, a decline of 62.6% from the August 15th total of 14,354 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 3,108 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Modern Wealth Management LLC acquired a new stake in shares of Amplify Etho Climate Leadership U.S. ETF during the second quarter worth about $3,003,000. Two Sigma Investments LP purchased a new position in Amplify Etho Climate Leadership U.S. ETF during the 3rd quarter worth approximately $331,000. Envestnet Portfolio Solutions Inc. lifted its stake in Amplify Etho Climate Leadership U.S. ETF by 16.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 44,923 shares of the company’s stock valued at $2,933,000 after acquiring an additional 6,408 shares during the period. SGL Investment Advisors Inc. lifted its stake in Amplify Etho Climate Leadership U.S. ETF by 4.5% during the 4th quarter. SGL Investment Advisors Inc. now owns 7,267 shares of the company’s stock valued at $493,000 after acquiring an additional 312 shares during the period. Finally, WCG Wealth Advisors LLC boosted its holdings in shares of Amplify Etho Climate Leadership U.S. ETF by 403.6% in the 4th quarter. WCG Wealth Advisors LLC now owns 61,192 shares of the company’s stock valued at $3,996,000 after acquiring an additional 49,042 shares during the last quarter.

Amplify Etho Climate Leadership U.S. ETF Stock Performance

Shares of NYSEARCA ETHO traded up $0.66 during mid-day trading on Friday, hitting $79.57. The stock had a trading volume of 1,861 shares, compared to its average volume of 3,615. The firm has a market cap of $186.99 million, a PE ratio of 18.91 and a beta of 1.12. The company has a 50 day moving average of $80.65 and a two-hundred day moving average of $75.26. Amplify Etho Climate Leadership U.S. ETF has a twelve month low of $61.14 and a twelve month high of $83.93.

Amplify Etho Climate Leadership U.S. ETF Company Profile

The Etho Climate Leadership U.S. ETF (ETHO) is an exchange-traded fund that is based on the Etho Climate Leadership index. The fund tracks the performance of an equal-weighted index that selects US stocks that exhibit the least carbon impact within its industry. Certain industries are excluded altogether. ETHO was launched on Nov 18, 2015 and is managed by Etho Capital.