Amplify Online Retail ETF (NYSEARCA:IBUY) Short Interest Up 3,775.6% in February

Amplify Online Retail ETF (NYSEARCA:IBUY) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 96,503 shares, a growth of 3,775.6% from the January 29th total of 2,490 shares. Based on an average daily trading volume, of 35,043 shares, the days-to-cover ratio is presently 2.8 days. Approximately 4.9% of the company’s stock are short sold. Approximately 4.9% of the company’s stock are short sold. Based on an average daily trading volume, of 35,043 shares, the days-to-cover ratio is presently 2.8 days.

Hedge Funds Weigh In On Amplify Online Retail ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IBUY. Susquehanna International Group LLP purchased a new position in shares of Amplify Online Retail ETF in the 3rd quarter valued at approximately $3,473,000. Ameriprise Financial Inc. increased its stake in Amplify Online Retail ETF by 19.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 41,833 shares of the company’s stock valued at $3,187,000 after purchasing an additional 6,947 shares in the last quarter. Natural Investments LLC purchased a new position in shares of Amplify Online Retail ETF in the third quarter worth $2,871,000. Moran Wealth Management LLC lifted its stake in shares of Amplify Online Retail ETF by 58.3% during 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 during the period. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Amplify Online Retail ETF by 8.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 19,286 shares of the company’s stock worth $1,436,000 after buying an additional 1,439 shares during the period.

Amplify Online Retail ETF Trading Up 0.5%

Shares of Amplify Online Retail ETF stock traded up $0.35 during trading on Wednesday, hitting $64.46. 10,723 shares of the stock traded hands, compared to its average volume of 18,895. The stock’s fifty day simple moving average is $72.16 and its 200 day simple moving average is $73.51. The firm has a market cap of $125.70 million, a P/E ratio of 23.29 and a beta of 1.52. Amplify Online Retail ETF has a 52-week low of $51.60 and a 52-week high of $79.05.

About Amplify Online Retail ETF

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.