Short Interest in Amplify Bitcoin 2% Monthly Option Income ETF (BATS:BITY) Rises By 151.6%

Amplify Bitcoin 2% Monthly Option Income ETF (BATS:BITY) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 19,146 shares, an increase of 151.6% from the April 15th total of 7,609 shares. Based on an average daily volume of 8,427 shares, the short-interest ratio is presently 2.3 days. Approximately 17.4% of the company’s shares are sold short.

Amplify Bitcoin 2% Monthly Option Income ETF Trading Down 2.9%

BATS BITY opened at $33.71 on Friday. Amplify Bitcoin 2% Monthly Option Income ETF has a twelve month low of $28.41 and a twelve month high of $61.76. The firm’s 50 day moving average price is $32.35 and its two-hundred day moving average price is $37.11.

Hedge Funds Weigh In On Amplify Bitcoin 2% Monthly Option Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new position in Amplify Bitcoin 2% Monthly Option Income ETF during the 4th quarter worth approximately $40,000. OLD Mission Capital LLC purchased a new position in Amplify Bitcoin 2% Monthly Option Income ETF during the 4th quarter worth approximately $297,000. Finally, Jane Street Group LLC purchased a new position in Amplify Bitcoin 2% Monthly Option Income ETF during the 2nd quarter worth approximately $637,000.

About Amplify Bitcoin 2% Monthly Option Income ETF

Amplify ETF Trust – Amplify Bitcoin 24% Premium Income ETF is an exchange traded fund launched and managed by Amplify Investments LLC. It invests in fixed income and currency markets of the United States. For its fixed income portion, it invests directly in U.S Treasuries and cash with the maturity of 1 month to 2 years. For its currency portion, it invests through derivatives and through other funds in bitcoin. The fund uses derivatives such as options to create its portfolio. It seeks to invests through a wholly-owned Cayman Islands subsidiary.