Amplify Online Retail ETF (NYSEARCA:IBUY) Sees Significant Drop in Short Interest

Amplify Online Retail ETF (NYSEARCA:IBUY) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 4,913 shares, a drop of 77.9% from the September 30th total of 22,256 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 10,388 shares, the short-interest ratio is currently 0.5 days.

Amplify Online Retail ETF Trading Down 0.5%

Amplify Online Retail ETF stock opened at $70.39 on Tuesday. Amplify Online Retail ETF has a 1-year low of $58.08 and a 1-year high of $77.24. The firm has a market capitalization of $126.70 million, a price-to-earnings ratio of 23.29 and a beta of 1.48. The firm has a 50 day simple moving average of $69.84 and a 200 day simple moving average of $68.62.

Hedge Funds Weigh In On Amplify Online Retail ETF

A number of large investors have recently made changes to their positions in the stock. Avior Wealth Management LLC bought a new stake in shares of Amplify Online Retail ETF during the 3rd quarter valued at $4,258,000. Ameritas Advisory Services LLC lifted its holdings in Amplify Online Retail ETF by 46.3% during the 2nd 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 in the last quarter. Moran Wealth Management LLC lifted its holdings in Amplify Online Retail ETF by 41.6% during the 1st quarter. Moran Wealth Management LLC now owns 34,604 shares of the company’s stock worth $2,163,000 after purchasing an additional 10,167 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in Amplify Online Retail ETF by 95.7% in the 1st 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.

About Amplify Online Retail ETF

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.