Amplify Online Retail ETF (NYSEARCA:IBUY) Short Interest Down 40.8% in March

Amplify Online Retail ETF (NYSEARCA:IBUY) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 30,943 shares, a decrease of 40.8% from the February 26th total of 52,270 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily volume of 12,196 shares, the days-to-cover ratio is currently 2.5 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Horizon Investments LLC purchased a new position in Amplify Online Retail ETF in the third quarter worth about $56,000. Larson Financial Group LLC purchased a new stake in Amplify Online Retail ETF during the fourth quarter valued at approximately $76,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Amplify Online Retail ETF during the third quarter valued at approximately $91,000. Flagship Harbor Advisors LLC bought a new stake in shares of Amplify Online Retail ETF in the 4th quarter valued at approximately $93,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Amplify Online Retail ETF in the 4th quarter valued at approximately $147,000.

Amplify Online Retail ETF Stock Performance

Shares of NYSEARCA:IBUY traded down $1.11 on Friday, reaching $60.58. The company’s stock had a trading volume of 2,513 shares, compared to its average volume of 20,010. Amplify Online Retail ETF has a 52-week low of $51.60 and a 52-week high of $79.05. The company has a market cap of $118.13 million, a P/E ratio of 23.29 and a beta of 1.52. The company has a 50-day simple moving average of $67.00 and a 200 day simple moving average of $72.06.

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.