Amplify Online Retail ETF (NYSEARCA:IBUY) Sees Significant Decline in Short Interest

Amplify Online Retail ETF (NYSEARCA:IBUY) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 4,913 shares, a drop of 77.9% from the September 30th total of 22,256 shares. Based on an average trading volume of 10,388 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are sold short.

Amplify Online Retail ETF Price Performance

IBUY opened at $70.39 on Tuesday. Amplify Online Retail ETF has a 1 year low of $58.08 and a 1 year high of $77.24. The company has a market capitalization of $126.70 million, a price-to-earnings ratio of 23.29 and a beta of 1.48. The firm’s fifty day moving average price is $69.84 and its two-hundred day moving average price is $68.62.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IBUY. Avior Wealth Management LLC bought a new stake in Amplify Online Retail ETF in the 3rd quarter valued at about $4,258,000. Moran Wealth Management LLC lifted its holdings in Amplify Online Retail ETF by 41.6% during the first quarter. Moran Wealth Management LLC now owns 34,604 shares of the company’s stock valued at $2,163,000 after purchasing an additional 10,167 shares during the last quarter. Ameritas Advisory Services LLC lifted its holdings in Amplify Online Retail ETF by 46.3% during the second quarter. Ameritas Advisory Services LLC now owns 16,614 shares of the company’s stock valued at $1,148,000 after purchasing an additional 5,258 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its position in Amplify Online Retail ETF by 95.7% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 5,508 shares of the company’s stock worth $344,000 after purchasing an additional 2,694 shares during the period.

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.