Amplify Online Retail ETF (NYSEARCA:IBUY) Sees Significant Drop in Short Interest

Amplify Online Retail ETF (NYSEARCA:IBUY) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 52,270 shares, a decline of 45.8% from the February 12th total of 96,503 shares. Based on an average daily volume of 23,821 shares, the days-to-cover ratio is currently 2.2 days. Approximately 2.7% of the shares of the company are sold short. Approximately 2.7% of the shares of the company are sold short. Based on an average daily volume of 23,821 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Investors Weigh In On Amplify Online Retail ETF

Large investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its stake in Amplify Online Retail ETF by 3.9% during the 4th quarter. Osaic Holdings Inc. now owns 4,516 shares of the company’s stock worth $336,000 after acquiring an additional 169 shares during the period. Nwam LLC grew its holdings in shares of Amplify Online Retail ETF by 1.9% during the 3rd quarter. Nwam LLC now owns 13,285 shares of the company’s stock worth $987,000 after purchasing an additional 252 shares in the last quarter. Horizon Investments LLC acquired a new stake in shares of Amplify Online Retail ETF during the 3rd quarter worth $56,000. Larson Financial Group LLC bought a new position in shares of Amplify Online Retail ETF in the fourth quarter worth $76,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Amplify Online Retail ETF in the third quarter worth $91,000.

Amplify Online Retail ETF Trading Down 2.3%

NYSEARCA IBUY traded down $1.51 during trading on Thursday, reaching $63.10. The company’s stock had a trading volume of 5,362 shares, compared to its average volume of 17,188. Amplify Online Retail ETF has a 12 month low of $51.60 and a 12 month high of $79.05. The firm has a 50 day moving average price of $70.04 and a 200 day moving average price of $72.92. The firm has a market capitalization of $123.05 million, a price-to-earnings ratio of 23.29 and a beta of 1.52.

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.