Short Interest in Amplify Digital Payments ETF (NYSEARCA:IPAY) Declines By 42.5%

Amplify Digital Payments ETF (NYSEARCA:IPAY) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 40,630 shares, a decrease of 42.5% from the July 15th total of 70,673 shares. Based on an average daily trading volume, of 92,375 shares, the short-interest ratio is currently 0.4 days. Approximately 1.1% of the company’s stock are sold short.

Amplify Digital Payments ETF Stock Performance

Amplify Digital Payments ETF stock opened at $50.78 on Wednesday. The firm has a market capitalization of $182.81 million, a price-to-earnings ratio of 22.03 and a beta of 1.22. The firm’s fifty day moving average price is $48.12 and its two-hundred day moving average price is $46.26. Amplify Digital Payments ETF has a 1-year low of $41.26 and a 1-year high of $60.99.

Hedge Funds Weigh In On Amplify Digital Payments ETF

Several large investors have recently added to or reduced their stakes in the business. Bank of Montreal Can increased its position in shares of Amplify Digital Payments ETF by 1,242.6% during the fourth quarter. Bank of Montreal Can now owns 24,033 shares of the company’s stock valued at $1,251,000 after acquiring an additional 22,243 shares during the last quarter. Tocqueville Asset Management L.P. purchased a new stake in shares of Amplify Digital Payments ETF during the 4th quarter valued at $693,000. Jane Street Group LLC increased its position in shares of Amplify Digital Payments ETF by 88.6% during the 2nd quarter. Jane Street Group LLC now owns 21,500 shares of the company’s stock valued at $1,288,000 after purchasing an additional 10,101 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new stake in shares of Amplify Digital Payments ETF during the 2nd quarter worth $456,000. Finally, SOL Capital Management CO raised its stake in shares of Amplify Digital Payments ETF by 88.1% during the 4th quarter. SOL Capital Management CO now owns 18,417 shares of the company’s stock worth $958,000 after purchasing an additional 8,625 shares during the period.

About Amplify Digital Payments ETF

The ETFMG Prime Mobile Payments ETF (IPAY) is an exchange-traded fund that is based on the Prime Mobile Payments index. The fund tracks an index of global equity in credit card firms, and companies providing payment infrastructure, payment services, payment processing and payment solutions. IPAY was launched on Jul 15, 2015 and is managed by ETF Managers Group.