Short Interest in Amplify Digital Payments ETF (NYSEARCA:IPAY) Rises By 459.8%

Amplify Digital Payments ETF (NYSEARCA:IPAY) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 207,364 shares, a growth of 459.8% from the January 15th total of 37,045 shares. Approximately 5.1% of the company’s shares are sold short. Based on an average trading volume of 57,980 shares, the days-to-cover ratio is currently 3.6 days. Based on an average trading volume of 57,980 shares, the days-to-cover ratio is currently 3.6 days. Approximately 5.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Amplify Digital Payments ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC bought a new position in Amplify Digital Payments ETF in the 4th quarter valued at $26,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Amplify Digital Payments ETF by 467.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 567 shares of the company’s stock valued at $30,000 after purchasing an additional 467 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in shares of Amplify Digital Payments ETF in the second quarter worth about $41,000. Advisory Services Network LLC purchased a new position in Amplify Digital Payments ETF in the 3rd quarter worth about $42,000. Finally, Union Bancaire Privee UBP SA bought a new stake in Amplify Digital Payments ETF during the 4th quarter valued at about $51,000.

Amplify Digital Payments ETF Trading Down 5.5%

Shares of NYSEARCA:IPAY opened at $44.08 on Friday. Amplify Digital Payments ETF has a 12 month low of $44.07 and a 12 month high of $62.05. The company has a market capitalization of $178.52 million, a price-to-earnings ratio of 22.03 and a beta of 1.37. The firm’s 50-day moving average is $51.10 and its 200 day moving average is $54.63.

Amplify Digital Payments ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were paid a dividend of $0.4108 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.7%.

About Amplify Digital Payments ETF

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.