Amplify Digital Payments ETF (NYSEARCA:IPAY) Short Interest Up 201.6% in July

Amplify Digital Payments ETF (NYSEARCA:IPAY) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 70,673 shares, an increase of 201.6% from the June 30th total of 23,433 shares. Based on an average trading volume of 60,233 shares, the short-interest ratio is presently 1.2 days. Currently, 2.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Amplify Digital Payments ETF

Several large investors have recently modified their holdings of IPAY. Parallel Advisors LLC bought a new stake in Amplify Digital Payments ETF in the fourth quarter worth $26,000. United Asset Strategies Inc. bought a new position in Amplify Digital Payments ETF during the fourth quarter valued at $328,000. Exencial Wealth Advisors LLC increased its position in Amplify Digital Payments ETF by 3.6% during the fourth quarter. Exencial Wealth Advisors LLC now owns 5,921 shares of the company’s stock valued at $308,000 after acquiring an additional 208 shares during the last quarter. Y.D. More Investments Ltd purchased a new stake in shares of Amplify Digital Payments ETF in the first quarter valued at $33,000. Finally, Financial Engines Advisors L.L.C. raised its stake in shares of Amplify Digital Payments ETF by 7.7% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 62,912 shares of the company’s stock valued at $3,274,000 after acquiring an additional 4,491 shares during the period.

Amplify Digital Payments ETF Stock Up 2.6%

IPAY traded up $1.24 on Monday, hitting $49.25. The company had a trading volume of 50,283 shares, compared to its average volume of 40,948. The business’s fifty day simple moving average is $46.08 and its 200 day simple moving average is $46.36. Amplify Digital Payments ETF has a 12-month low of $41.26 and a 12-month high of $60.99. The company has a market cap of $167.45 million, a PE ratio of 22.03 and a beta of 1.23.

Amplify Digital Payments ETF Company Profile

The ETFMG Prime Mobile Payments ETF (IPAY) is an exchange-traded fund that is based on the Prime Mobile Payments index. The fund tracks an index of global equity in credit card firms, and companies providing payment infrastructure, payment services, payment processing and payment solutions. IPAY was launched on Jul 15, 2015 and is managed by ETF Managers Group.