Amplify Etho Climate Leadership U.S. ETF (NYSEARCA:ETHO) Sees Large Decrease in Short Interest

Amplify Etho Climate Leadership U.S. ETF (NYSEARCA:ETHO) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 1,783 shares, a decline of 64.3% from the May 14th total of 4,993 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 4,445 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Amplify Etho Climate Leadership U.S. ETF

Several institutional investors have recently added to or reduced their stakes in ETHO. Modern Wealth Management LLC bought a new stake in Amplify Etho Climate Leadership U.S. ETF in the 2nd quarter valued at $3,003,000. WCG Wealth Advisors LLC boosted its stake in Amplify Etho Climate Leadership U.S. ETF by 403.6% in the 4th quarter. WCG Wealth Advisors LLC now owns 61,192 shares of the company’s stock valued at $3,996,000 after purchasing an additional 49,042 shares during the period. Natural Investments LLC bought a new stake in Amplify Etho Climate Leadership U.S. ETF in the 4th quarter valued at $2,411,000. LPL Financial LLC boosted its stake in Amplify Etho Climate Leadership U.S. ETF by 23.4% in the 4th quarter. LPL Financial LLC now owns 39,390 shares of the company’s stock valued at $2,572,000 after purchasing an additional 7,482 shares during the period. Finally, Quantinno Capital Management LP bought a new stake in Amplify Etho Climate Leadership U.S. ETF in the 1st quarter valued at $465,000.

Amplify Etho Climate Leadership U.S. ETF Price Performance

ETHO traded up $1.09 during trading on Friday, hitting $77.42. The stock had a trading volume of 2,687 shares, compared to its average volume of 3,772. The company has a 50 day moving average price of $73.47 and a 200-day moving average price of $69.56. The firm has a market cap of $181.94 million, a price-to-earnings ratio of 18.91 and a beta of 1.13. Amplify Etho Climate Leadership U.S. ETF has a one year low of $55.23 and a one year high of $77.88.

Amplify Etho Climate Leadership U.S. ETF Company Profile

The Etho Climate Leadership U.S. ETF (ETHO) is an exchange-traded fund that is based on the Etho Climate Leadership index. The fund tracks the performance of an equal-weighted index that selects US stocks that exhibit the least carbon impact within its industry. Certain industries are excluded altogether. ETHO was launched on Nov 18, 2015 and is managed by Etho Capital.