Amplify Online Retail ETF (NYSEARCA:IBUY) Stock Short Interest Falls 35.0%

Amplify Online Retail ETF (NYSEARCA:IBUY) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 22,256 shares, a decrease of 35.0% from the September 15th total of 34,251 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 8,294 shares, the days-to-cover ratio is currently 2.7 days.

Institutional Investors Weigh In On Amplify Online Retail ETF

Large investors have recently added to or reduced their stakes in the stock. Moran Wealth Management LLC increased its position in Amplify Online Retail ETF by 41.6% in the first quarter. Moran Wealth Management LLC now owns 34,604 shares of the company’s stock worth $2,163,000 after buying an additional 10,167 shares during the period. Avior Wealth Management LLC acquired a new position in shares of Amplify Online Retail ETF during the third quarter valued at $4,258,000. Ameritas Advisory Services LLC boosted its holdings in shares of Amplify Online Retail ETF by 46.3% during the second quarter. Ameritas Advisory Services LLC now owns 16,614 shares of the company’s stock valued at $1,148,000 after acquiring an additional 5,258 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Amplify Online Retail ETF by 95.7% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 5,508 shares of the company’s stock valued at $344,000 after acquiring an additional 2,694 shares during the period.

Amplify Online Retail ETF Trading Up 4.0%

Shares of NYSEARCA IBUY opened at $71.46 on Friday. Amplify Online Retail ETF has a 12-month low of $58.08 and a 12-month high of $77.24. The company has a market cap of $128.63 million, a price-to-earnings ratio of 23.29 and a beta of 1.48. The stock’s 50 day simple moving average is $70.16 and its 200 day simple moving average is $68.68.

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.