Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Sees Large Drop in Short Interest

Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 734,329 shares, a drop of 26.2% from the December 15th total of 995,390 shares. Based on an average daily volume of 212,949 shares, the short-interest ratio is currently 3.4 days. Currently, 3.8% of the shares of the stock are short sold. Currently, 3.8% of the shares of the stock are short sold. Based on an average daily volume of 212,949 shares, the short-interest ratio is currently 3.4 days.

Amplify Transformational Data Sharing ETF Price Performance

BLOK traded up $1.55 on Friday, hitting $65.81. 1,767,327 shares of the stock were exchanged, compared to its average volume of 486,109. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 24.76 and a beta of 2.10. Amplify Transformational Data Sharing ETF has a 12 month low of $31.32 and a 12 month high of $75.89. The business has a 50-day moving average of $60.65 and a two-hundred day moving average of $62.46.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in Amplify Transformational Data Sharing ETF during the third quarter valued at approximately $27,000. Sound Income Strategies LLC grew its stake in shares of Amplify Transformational Data Sharing ETF by 69.0% during the third quarter. Sound Income Strategies LLC now owns 485 shares of the company’s stock worth $36,000 after buying an additional 198 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of Amplify Transformational Data Sharing ETF by 509.6% during the second quarter. Private Trust Co. NA now owns 573 shares of the company’s stock worth $33,000 after buying an additional 479 shares in the last quarter. DHJJ Financial Advisors Ltd. bought a new position in shares of Amplify Transformational Data Sharing ETF in the 2nd quarter valued at $36,000. Finally, Rossby Financial LCC acquired a new stake in shares of Amplify Transformational Data Sharing ETF during the 3rd quarter valued at $43,000.

Amplify Transformational Data Sharing ETF Company Profile

The Amplify Transformational Data Sharing ETF (BLOK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio mainly consisting of global equities focusing on blockchain technology. BLOK was launched on Jan 16, 2018 and is managed by Amplify.