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

Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 436,036 shares, an increase of 92.4% from the June 15th total of 226,673 shares. Approximately 2.4% of the shares of the stock are sold short. Based on an average daily volume of 203,280 shares, the days-to-cover ratio is presently 2.1 days.

Hedge Funds Weigh In On Amplify Transformational Data Sharing ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC increased its stake in Amplify Transformational Data Sharing ETF by 88.3% in the 4th quarter. Signaturefd LLC now owns 565 shares of the company’s stock worth $32,000 after acquiring an additional 265 shares during the last quarter. Group One Trading LLC bought a new position in shares of Amplify Transformational Data Sharing ETF during the 1st quarter valued at approximately $28,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Amplify Transformational Data Sharing ETF in the first quarter valued at $31,000. Strategic Advocates LLC purchased a new position in shares of Amplify Transformational Data Sharing ETF in the third quarter valued at $50,000. Finally, Sound Income Strategies LLC increased its position in Amplify Transformational Data Sharing ETF by 67.6% in the fourth quarter. Sound Income Strategies LLC now owns 813 shares of the company’s stock worth $46,000 after purchasing an additional 328 shares during the last quarter.

Amplify Transformational Data Sharing ETF Stock Down 1.9%

BLOK opened at $58.53 on Friday. The company has a market capitalization of $1.07 billion, a PE ratio of 24.76 and a beta of 2.15. The firm has a 50-day simple moving average of $63.75 and a two-hundred day simple moving average of $59.24. Amplify Transformational Data Sharing ETF has a 52 week low of $46.90 and a 52 week high of $75.89.

About Amplify Transformational Data Sharing ETF

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.