Amplify Online Retail ETF (NYSEARCA:IBUY) Short Interest Up 348.6% in January

Amplify Online Retail ETF (NYSEARCA:IBUY) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 2,490 shares, a growth of 348.6% from the January 15th total of 555 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 8,103 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 8,103 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Amplify Online Retail ETF Stock Performance

IBUY opened at $68.18 on Wednesday. Amplify Online Retail ETF has a fifty-two week low of $51.60 and a fifty-two week high of $79.05. The firm has a 50-day moving average of $74.24 and a 200 day moving average of $73.97. The firm has a market cap of $132.95 million, a P/E ratio of 23.29 and a beta of 1.52.

Hedge Funds Weigh In On Amplify Online Retail ETF

Several institutional investors have recently bought and sold shares of the company. Susquehanna International Group LLP bought a new position in Amplify Online Retail ETF in the third quarter worth approximately $3,473,000. Natural Investments LLC purchased a new position in Amplify Online Retail ETF during the third quarter valued at $2,871,000. Ameriprise Financial Inc. bought a new stake in Amplify Online Retail ETF during the second quarter valued at about $2,408,000. Ameritas Advisory Services LLC bought a new stake in Amplify Online Retail ETF during the fourth quarter valued at about $833,000. Finally, Moran Wealth Management LLC increased its position in Amplify Online Retail ETF by 58.3% in the fourth quarter. Moran Wealth Management LLC now owns 24,437 shares of the company’s stock worth $1,819,000 after buying an additional 8,998 shares in the last quarter.

Amplify Online Retail ETF Company Profile

The Amplify Online Retail ETF (IBUY) is an exchange-traded fund that is based on the EQM Online Retail index. The fund tracks an index of global stocks issued by firms with revenues dominated by online retail sales. Stocks are equally weighted within two geographic buckets. IBUY was launched on Apr 20, 2016 and is managed by Amplify.