Amplify Digital Payments ETF (NYSEARCA:IPAY) Short Interest Update

Amplify Digital Payments ETF (NYSEARCA:IPAY) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 130,679 shares, a growth of 197.9% from the August 15th total of 43,866 shares. Based on an average trading volume of 44,358 shares, the days-to-cover ratio is presently 2.9 days. Currently, 3.6% of the shares of the company are sold short.

Amplify Digital Payments ETF Trading Up 1.3%

Shares of IPAY stock opened at $50.08 on Tuesday. Amplify Digital Payments ETF has a 1 year low of $41.26 and a 1 year high of $60.01. The firm’s fifty day simple moving average is $50.36 and its 200 day simple moving average is $46.93. The firm has a market capitalization of $180.29 million, a P/E ratio of 22.03 and a beta of 1.22.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new stake in shares of Amplify Digital Payments ETF in the second quarter valued at about $75,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of Amplify Digital Payments ETF during the 2nd quarter worth approximately $456,000. Parallel Advisors LLC grew its holdings in shares of Amplify Digital Payments ETF by 195.0% during the 1st quarter. Parallel Advisors LLC now owns 1,475 shares of the company’s stock worth $63,000 after purchasing an additional 975 shares in the last quarter. Royal Bank of Canada increased its position in shares of Amplify Digital Payments ETF by 9.3% during the first quarter. Royal Bank of Canada now owns 41,543 shares of the company’s stock valued at $1,778,000 after purchasing an additional 3,540 shares during the period. Finally, Fifth Third Bancorp bought a new stake in shares of Amplify Digital Payments ETF during the first quarter valued at approximately $47,000.

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.