Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Sees Significant Growth in Short Interest

Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 443,435 shares, an increase of 86.5% from the August 15th total of 237,721 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average daily volume of 229,923 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Investors Weigh In On Amplify Transformational Data Sharing ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Gradient Investments LLC grew its holdings in shares of Amplify Transformational Data Sharing ETF by 6.4% during the second quarter. Gradient Investments LLC now owns 551,638 shares of the company’s stock worth $34,549,000 after purchasing an additional 32,989 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Amplify Transformational Data Sharing ETF by 17.7% in the 4th quarter. HighTower Advisors LLC now owns 179,023 shares of the company’s stock valued at $10,185,000 after purchasing an additional 26,975 shares during the period. Thryve Wealth Management LLC acquired a new stake in shares of Amplify Transformational Data Sharing ETF in the 4th quarter valued at about $7,601,000. Royal Bank of Canada grew its stake in Amplify Transformational Data Sharing ETF by 8.8% during the 1st quarter. Royal Bank of Canada now owns 132,873 shares of the company’s stock worth $6,619,000 after buying an additional 10,739 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in Amplify Transformational Data Sharing ETF by 4.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 96,384 shares of the company’s stock worth $4,801,000 after buying an additional 3,749 shares during the last quarter.

Amplify Transformational Data Sharing ETF Price Performance

Shares of Amplify Transformational Data Sharing ETF stock traded up $1.29 during trading hours on Thursday, hitting $62.02. The company had a trading volume of 84,933 shares, compared to its average volume of 322,390. The company’s 50-day moving average is $61.59 and its two-hundred day moving average is $60.17. Amplify Transformational Data Sharing ETF has a twelve month low of $46.90 and a twelve month high of $75.89. The company has a market cap of $1.11 billion, a P/E ratio of 24.76 and a beta of 2.16.

Amplify Transformational Data Sharing ETF Company Profile

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.