Amplify Digital Payments ETF (NYSEARCA:IPAY) Sees Large Growth in Short Interest

Amplify Digital Payments ETF (NYSEARCA:IPAY) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 27,952 shares, an increase of 153.6% from the December 15th total of 11,021 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 23,450 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily trading volume, of 23,450 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.7% of the company’s shares are sold short.

Institutional Trading of Amplify Digital Payments ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CW Advisors LLC purchased a new stake in shares of Amplify Digital Payments ETF in the second quarter worth approximately $745,000. Florin Court Capital LLP grew its position in Amplify Digital Payments ETF by 25.7% in the 2nd quarter. Florin Court Capital LLP now owns 14,335 shares of the company’s stock valued at $859,000 after acquiring an additional 2,929 shares during the last quarter. Prudential PLC increased its stake in Amplify Digital Payments ETF by 226.9% in the second quarter. Prudential PLC now owns 72,610 shares of the company’s stock worth $4,351,000 after purchasing an additional 50,400 shares during the period. Advantage Trust Co purchased a new stake in Amplify Digital Payments ETF in the second quarter worth $171,000. Finally, Sowell Financial Services LLC bought a new stake in shares of Amplify Digital Payments ETF during the second quarter worth $2,365,000.

Amplify Digital Payments ETF Stock Down 2.3%

NYSEARCA IPAY opened at $51.57 on Wednesday. Amplify Digital Payments ETF has a 52 week low of $44.83 and a 52 week high of $62.24. The firm has a market capitalization of $214.02 million, a price-to-earnings ratio of 22.03 and a beta of 1.37. The company has a fifty day moving average of $52.29 and a two-hundred day moving average of $56.28.

Amplify Digital Payments ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were paid a dividend of $0.4108 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.2%.

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.