Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Short Interest Down 45.7% in May

Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 301,282 shares, a decrease of 45.7% from the April 30th total of 554,608 shares. Based on an average trading volume of 345,043 shares, the short-interest ratio is presently 0.9 days. Currently, 1.5% of the company’s stock are sold short.

Amplify Transformational Data Sharing ETF Price Performance

NYSEARCA:BLOK opened at $67.96 on Monday. Amplify Transformational Data Sharing ETF has a 52 week low of $46.90 and a 52 week high of $75.89. The firm has a 50 day moving average of $58.45 and a 200 day moving average of $58.43. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 24.76 and a beta of 2.14.

Institutional Investors Weigh In On Amplify Transformational Data Sharing ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its position in Amplify Transformational Data Sharing ETF by 18,704.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,263,162 shares of the company’s stock valued at $242,531,000 after acquiring an additional 4,240,491 shares during the last quarter. Morgan Stanley lifted its position in Amplify Transformational Data Sharing ETF by 14.0% during the fourth quarter. Morgan Stanley now owns 1,559,411 shares of the company’s stock valued at $88,715,000 after acquiring an additional 191,238 shares during the last quarter. LPL Financial LLC lifted its position in Amplify Transformational Data Sharing ETF by 4.1% during the fourth quarter. LPL Financial LLC now owns 1,014,462 shares of the company’s stock valued at $57,713,000 after acquiring an additional 39,904 shares during the last quarter. Gradient Investments LLC lifted its position in Amplify Transformational Data Sharing ETF by 14.7% during the fourth quarter. Gradient Investments LLC now owns 489,567 shares of the company’s stock valued at $27,851,000 after acquiring an additional 62,622 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in Amplify Transformational Data Sharing ETF by 24.2% during the first quarter. Royal Bank of Canada now owns 207,990 shares of the company’s stock valued at $7,671,000 after acquiring an additional 40,518 shares during the last quarter.

About Amplify Transformational Data Sharing ETF

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.