Amplify Bitcoin 2% Monthly Option Income ETF (BATS:BITY) Sees Significant Drop in Short Interest

Amplify Bitcoin 2% Monthly Option Income ETF (BATS:BITY) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 890 shares, a drop of 35.9% from the July 30th total of 1,389 shares. Based on an average daily volume of 2,352 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.8% of the company’s shares are short sold.

Amplify Bitcoin 2% Monthly Option Income ETF Stock Down 2.5%

BITY stock opened at $27.32 on Wednesday. Amplify Bitcoin 2% Monthly Option Income ETF has a 12 month low of $23.75 and a 12 month high of $59.21. The firm’s 50-day moving average is $26.01 and its 200 day moving average is $29.21.

Institutional Trading of Amplify Bitcoin 2% Monthly Option Income ETF

A number of large investors have recently modified their holdings of the company. Kestra Advisory Services LLC bought a new position in Amplify Bitcoin 2% Monthly Option Income ETF in the fourth quarter worth approximately $40,000. OLD Mission Capital LLC purchased a new stake in shares of Amplify Bitcoin 2% Monthly Option Income ETF in the 4th quarter worth $297,000. Finally, Jane Street Group LLC purchased a new stake in shares of Amplify Bitcoin 2% Monthly Option Income ETF in the 2nd quarter worth $637,000.

Amplify Bitcoin 2% Monthly Option Income ETF Company Profile

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.