Short Interest in Amplify Bitcoin 2% Monthly Option Income ETF (BATS:BITY) Declines By 91.3%

Amplify Bitcoin 2% Monthly Option Income ETF (BATS:BITY) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 1,189 shares, a decrease of 91.3% from the May 31st total of 13,607 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,128 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Amplify Bitcoin 2% Monthly Option Income ETF

Institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC acquired a new stake in Amplify Bitcoin 2% Monthly Option Income ETF during the 4th quarter worth about $40,000. OLD Mission Capital LLC purchased a new stake in Amplify Bitcoin 2% Monthly Option Income ETF during the fourth quarter valued at about $297,000. Finally, Jane Street Group LLC acquired a new position in shares of Amplify Bitcoin 2% Monthly Option Income ETF in the second quarter worth about $637,000.

Amplify Bitcoin 2% Monthly Option Income ETF Stock Performance

Shares of BITY traded down $0.24 during trading hours on Thursday, hitting $24.64. 3,784 shares of the company were exchanged, compared to its average volume of 7,421. The firm has a fifty day simple moving average of $30.90 and a 200-day simple moving average of $33.80. Amplify Bitcoin 2% Monthly Option Income ETF has a one year low of $24.39 and a one year high of $61.76.

About Amplify Bitcoin 2% Monthly Option Income ETF

Amplify ETF Trust – Amplify Bitcoin 24% Premium Income ETF is an exchange traded fund launched and managed by Amplify Investments LLC. It invests in fixed income and currency markets of the United States. For its fixed income portion, it invests directly in U.S Treasuries and cash with the maturity of 1 month to 2 years. For its currency portion, it invests through derivatives and through other funds in bitcoin. The fund uses derivatives such as options to create its portfolio. It seeks to invests through a wholly-owned Cayman Islands subsidiary.