Amplify Bitcoin 2% Monthly Option Income ETF (BATS:BITY) Short Interest Up 151.6% in April

Amplify Bitcoin 2% Monthly Option Income ETF (BATS:BITY) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 19,146 shares, a growth of 151.6% from the April 15th total of 7,609 shares. Based on an average daily volume of 8,427 shares, the short-interest ratio is presently 2.3 days. Approximately 17.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BITY. Jane Street Group LLC purchased a new stake in Amplify Bitcoin 2% Monthly Option Income ETF in the 2nd quarter worth approximately $637,000. OLD Mission Capital LLC purchased a new stake in Amplify Bitcoin 2% Monthly Option Income ETF in the 4th quarter worth approximately $297,000. Finally, Kestra Advisory Services LLC purchased a new stake in Amplify Bitcoin 2% Monthly Option Income ETF in the 4th quarter worth approximately $40,000.

Amplify Bitcoin 2% Monthly Option Income ETF Stock Performance

Shares of Amplify Bitcoin 2% Monthly Option Income ETF stock opened at $33.71 on Friday. Amplify Bitcoin 2% Monthly Option Income ETF has a 1 year low of $28.41 and a 1 year high of $61.76. The business has a 50 day moving average price of $32.35 and a 200 day moving average price of $37.11.

About Amplify Bitcoin 2% Monthly Option Income ETF

Amplify ETF Trust – Amplify Bitcoin 24% Premium Income ETF is an exchange traded fund launched and managed by Amplify Investments LLC. It invests in fixed income and currency markets of the United States. For its fixed income portion, it invests directly in U.S Treasuries and cash with the maturity of 1 month to 2 years. For its currency portion, it invests through derivatives and through other funds in bitcoin. The fund uses derivatives such as options to create its portfolio. It seeks to invests through a wholly-owned Cayman Islands subsidiary.