Amplify Bitcoin 2% Monthly Option Income ETF (BATS:BITY – Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 13,607 shares, an increase of 295.7% from the May 14th total of 3,439 shares. Based on an average trading volume of 4,167 shares, the days-to-cover ratio is currently 3.3 days. Approximately 12.4% of the company’s shares are short sold.
Institutional Investors Weigh In On Amplify Bitcoin 2% Monthly Option Income ETF
Hedge funds and other institutional investors have recently made changes to their positions in the company. OLD Mission Capital LLC purchased a new position in Amplify Bitcoin 2% Monthly Option Income ETF in the 4th quarter worth about $297,000. Kestra Advisory Services LLC purchased a new position in Amplify Bitcoin 2% Monthly Option Income ETF in the 4th quarter worth about $40,000. Finally, Jane Street Group LLC purchased a new position in Amplify Bitcoin 2% Monthly Option Income ETF in the 2nd quarter worth about $637,000.
Amplify Bitcoin 2% Monthly Option Income ETF Price Performance
Shares of BITY opened at $25.66 on Thursday. Amplify Bitcoin 2% Monthly Option Income ETF has a twelve month low of $24.39 and a twelve month high of $61.76. The company’s fifty day simple moving average is $31.77 and its 200-day simple moving average is $34.78.
About Amplify Bitcoin 2% Monthly Option Income ETF
Amplify ETF Trust – Amplify Bitcoin 24% Premium Income ETF is an exchange traded fund launched and managed by Amplify Investments LLC. It invests in fixed income and currency markets of the United States. For its fixed income portion, it invests directly in U.S Treasuries and cash with the maturity of 1 month to 2 years. For its currency portion, it invests through derivatives and through other funds in bitcoin. The fund uses derivatives such as options to create its portfolio. It seeks to invests through a wholly-owned Cayman Islands subsidiary.
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