Short Interest in Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Decreases By 34.7%

Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 284,615 shares, a drop of 34.7% from the June 30th total of 436,036 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 150,683 shares, the short-interest ratio is presently 1.9 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its position in shares of Amplify Transformational Data Sharing ETF by 24.2% during the first quarter. Royal Bank of Canada now owns 207,990 shares of the company’s stock worth $7,671,000 after purchasing an additional 40,518 shares in the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of Amplify Transformational Data Sharing ETF during the second quarter worth approximately $235,000. CLG LLC acquired a new stake in shares of Amplify Transformational Data Sharing ETF in the 2nd quarter worth $1,249,000. Strategic Wealth Investment Group LLC acquired a new stake in Amplify Transformational Data Sharing ETF in the second quarter valued at about $171,000. Finally, Great Valley Advisor Group Inc. purchased a new stake in shares of Amplify Transformational Data Sharing ETF in the second quarter valued at approximately $294,000.

Amplify Transformational Data Sharing ETF Stock Down 1.2%

Shares of Amplify Transformational Data Sharing ETF stock opened at $59.26 on Friday. The company has a market capitalization of $1.08 billion, a P/E ratio of 24.76 and a beta of 2.15. The company has a 50 day moving average of $63.13 and a 200 day moving average of $59.28. Amplify Transformational Data Sharing ETF has a 52-week low of $46.90 and a 52-week high of $75.89.

About Amplify Transformational Data Sharing ETF

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.