Amplify Online Retail ETF (NYSEARCA:IBUY) Shares Shorted: Short Interest Up 65.1% in September

Amplify Online Retail ETF (NYSEARCA:IBUY) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 34,251 shares, an increase of 65.1% from the August 31st total of 20,750 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 16,944 shares, the short-interest ratio is presently 2.0 days.

Amplify Online Retail ETF Stock Down 0.3%

Shares of IBUY traded down $0.18 during trading hours on Thursday, hitting $66.59. 67,947 shares of the company were exchanged, compared to its average volume of 15,192. Amplify Online Retail ETF has a fifty-two week low of $58.08 and a fifty-two week high of $77.38. The company has a market cap of $119.86 million, a price-to-earnings ratio of 23.29 and a beta of 1.46. The firm’s fifty day moving average is $70.98 and its 200 day moving average is $68.23.

Hedge Funds Weigh In On Amplify Online Retail ETF

Several hedge funds have recently bought and sold shares of the company. Moran Wealth Management LLC lifted its holdings in shares of Amplify Online Retail ETF by 41.6% during the 1st quarter. Moran Wealth Management LLC now owns 34,604 shares of the company’s stock worth $2,163,000 after acquiring an additional 10,167 shares during the period. Ameritas Advisory Services LLC lifted its position in shares of Amplify Online Retail ETF by 46.3% during the 2nd quarter. Ameritas Advisory Services LLC now owns 16,614 shares of the company’s stock worth $1,148,000 after buying an additional 5,258 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in Amplify Online Retail ETF by 95.7% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 5,508 shares of the company’s stock valued at $344,000 after buying an additional 2,694 shares in the last quarter.

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.