Short Interest in Amplify Online Retail ETF (NYSEARCA:IBUY) Declines By 13.8%

Amplify Online Retail ETF (NYSEARCA:IBUY) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 555 shares, a decline of 13.8% from the December 31st total of 644 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 6,495 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 6,495 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Amplify Online Retail ETF Stock Performance

Shares of IBUY stock traded down $1.47 during trading hours on Wednesday, hitting $68.40. 75,482 shares of the company were exchanged, compared to its average volume of 10,071. The company has a 50 day simple moving average of $74.74 and a two-hundred day simple moving average of $74.09. The firm has a market cap of $133.37 million, a P/E ratio of 23.29 and a beta of 1.52. Amplify Online Retail ETF has a fifty-two week low of $51.60 and a fifty-two week high of $79.05.

Hedge Funds Weigh In On Amplify Online Retail ETF

Several institutional investors have recently made changes to their positions in IBUY. Moran Wealth Management LLC boosted its holdings in Amplify Online Retail ETF by 58.3% in the fourth quarter. Moran Wealth Management LLC now owns 24,437 shares of the company’s stock worth $1,819,000 after acquiring an additional 8,998 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Amplify Online Retail ETF in the 4th quarter worth $93,000. Susquehanna International Group LLP acquired a new stake in Amplify Online Retail ETF in the 3rd quarter valued at $3,473,000. Flow Traders U.S. LLC grew its position in Amplify Online Retail ETF by 130.3% in the 3rd quarter. Flow Traders U.S. LLC now owns 9,772 shares of the company’s stock valued at $744,000 after purchasing an additional 5,529 shares during the period. Finally, Ausdal Financial Partners Inc. bought a new stake in Amplify Online Retail ETF during the 3rd quarter valued at $209,000.

Amplify Online Retail ETF Company Profile

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.