Amplify Online Retail ETF (NYSEARCA:IBUY) Short Interest Up 348.6% in January

Amplify Online Retail ETF (NYSEARCA:IBUY) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 2,490 shares, an increase of 348.6% from the January 15th total of 555 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 8,103 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 8,103 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Amplify Online Retail ETF Price Performance

IBUY traded up $0.60 during trading on Friday, reaching $64.22. The company had a trading volume of 10,450 shares, compared to its average volume of 16,092. The company has a market cap of $125.22 million, a P/E ratio of 23.29 and a beta of 1.52. Amplify Online Retail ETF has a 12 month low of $51.60 and a 12 month high of $79.05. The business’s fifty day moving average price is $73.88 and its 200 day moving average price is $73.84.

Hedge Funds Weigh In On Amplify Online Retail ETF

Several hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its position in Amplify Online Retail ETF by 8.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 19,286 shares of the company’s stock worth $1,436,000 after buying an additional 1,439 shares during the period. Integrity Alliance LLC. grew its position in Amplify Online Retail ETF by 52.3% in the 4th quarter. Integrity Alliance LLC. now owns 4,496 shares of the company’s stock valued at $335,000 after purchasing an additional 1,543 shares during the period. Larson Financial Group LLC acquired a new position in shares of Amplify Online Retail ETF during the fourth quarter valued at about $76,000. Ameritas Advisory Services LLC bought a new stake in Amplify Online Retail ETF during the 4th quarter worth approximately $833,000. Finally, Moran Wealth Management LLC raised its position in Amplify Online Retail ETF by 58.3% in the 4th quarter. Moran Wealth Management LLC now owns 24,437 shares of the company’s stock valued at $1,819,000 after buying an additional 8,998 shares during 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.