Short Interest in Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Decreases By 25.1%

Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 498,368 shares, a decrease of 25.1% from the February 26th total of 665,799 shares. Approximately 2.4% of the shares of the stock are sold short. Based on an average daily volume of 386,764 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BLOK. Mather Group LLC. acquired a new stake in Amplify Transformational Data Sharing ETF in the 3rd quarter valued at $27,000. Sound Income Strategies LLC raised its position in Amplify Transformational Data Sharing ETF by 69.0% during the third quarter. Sound Income Strategies LLC now owns 485 shares of the company’s stock worth $36,000 after acquiring an additional 198 shares during the period. Signaturefd LLC lifted its holdings in Amplify Transformational Data Sharing ETF by 88.3% during the fourth quarter. Signaturefd LLC now owns 565 shares of the company’s stock valued at $32,000 after purchasing an additional 265 shares in the last quarter. Rossby Financial LCC purchased a new position in Amplify Transformational Data Sharing ETF during the third quarter valued at $43,000. Finally, Strategic Advocates LLC acquired a new stake in shares of Amplify Transformational Data Sharing ETF in the third quarter valued at about $50,000.

Amplify Transformational Data Sharing ETF Trading Down 4.1%

BLOK traded down $2.08 during trading on Friday, hitting $48.53. The company’s stock had a trading volume of 163,097 shares, compared to its average volume of 431,205. Amplify Transformational Data Sharing ETF has a twelve month low of $31.32 and a twelve month high of $75.89. The business’s fifty day simple moving average is $55.38 and its 200 day simple moving average is $61.18. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 24.76 and a beta of 2.10.

Amplify Transformational Data Sharing ETF Company Profile

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.