Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Sees Large Drop in Short Interest

Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) saw a significant decline in short interest in March. As of March 13th, there was short interest totaling 498,368 shares, a decline of 25.1% from the February 26th total of 665,799 shares. Based on an average trading volume of 386,764 shares, the short-interest ratio is presently 1.3 days. Approximately 2.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On Amplify Transformational Data Sharing ETF

A number of large investors have recently modified their holdings of the company. Belvedere Trading LLC purchased a new position in shares of Amplify Transformational Data Sharing ETF in the 3rd quarter valued at approximately $570,000. Envestnet Asset Management Inc. grew its stake in Amplify Transformational Data Sharing ETF by 14.2% in the third quarter. Envestnet Asset Management Inc. now owns 150,481 shares of the company’s stock worth $10,088,000 after purchasing an additional 18,713 shares during the period. WMG Financial Advisors LLC bought a new position in shares of Amplify Transformational Data Sharing ETF in the 3rd quarter worth about $2,017,000. Eagle Strategies LLC grew its holdings in Amplify Transformational Data Sharing ETF by 21.6% in the third quarter. Eagle Strategies LLC now owns 71,463 shares of the company’s stock worth $4,791,000 after purchasing an additional 12,687 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Amplify Transformational Data Sharing ETF during the third quarter valued at approximately $5,960,000.

Amplify Transformational Data Sharing ETF Price Performance

NYSEARCA BLOK traded down $1.39 during trading hours on Monday, reaching $47.14. 313,619 shares of the stock traded hands, compared to its average volume of 429,067. The stock has a 50 day simple moving average of $55.38 and a two-hundred day simple moving average of $61.17. Amplify Transformational Data Sharing ETF has a 1 year low of $31.32 and a 1 year high of $75.89. The company has a market cap of $973.44 million, a price-to-earnings ratio of 24.76 and a beta of 2.10.

Amplify Transformational Data Sharing ETF Company Profile

The Amplify Transformational Data Sharing ETF (BLOK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio mainly consisting of global equities focusing on blockchain technology. BLOK was launched on Jan 16, 2018 and is managed by Amplify.