Amplify Digital Payments ETF (NYSEARCA:IPAY) Sees Large Growth in Short Interest

Amplify Digital Payments ETF (NYSEARCA:IPAY) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 27,952 shares, an increase of 153.6% from the December 15th total of 11,021 shares. Based on an average daily volume of 23,450 shares, the short-interest ratio is presently 1.2 days. Currently, 0.7% of the shares of the stock are sold short. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 23,450 shares, the short-interest ratio is presently 1.2 days.

Institutional Trading of Amplify Digital Payments ETF

Several institutional investors have recently modified their holdings of the stock. Sava Penzisko Drushtvo A.D. Skopje purchased a new stake in shares of Amplify Digital Payments ETF during the third quarter worth about $8,769,000. Prudential PLC lifted its stake in Amplify Digital Payments ETF by 226.9% in the 2nd quarter. Prudential PLC now owns 72,610 shares of the company’s stock valued at $4,351,000 after buying an additional 50,400 shares in the last quarter. Biltmore Family Office LLC boosted its holdings in Amplify Digital Payments ETF by 3.3% in the 3rd quarter. Biltmore Family Office LLC now owns 49,975 shares of the company’s stock worth $2,854,000 after buying an additional 1,615 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in Amplify Digital Payments ETF during the 2nd quarter worth approximately $2,365,000. Finally, Flow Traders U.S. LLC increased its stake in Amplify Digital Payments ETF by 41.3% during the 2nd quarter. Flow Traders U.S. LLC now owns 29,675 shares of the company’s stock worth $1,778,000 after buying an additional 8,668 shares in the last quarter.

Amplify Digital Payments ETF Price Performance

Shares of IPAY stock opened at $51.57 on Wednesday. The company has a market cap of $214.02 million, a price-to-earnings ratio of 22.03 and a beta of 1.37. The stock has a 50 day simple moving average of $52.29 and a 200-day simple moving average of $56.28. Amplify Digital Payments ETF has a 1-year low of $44.83 and a 1-year high of $62.24.

Amplify Digital Payments ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were issued a $0.4108 dividend. This represents a $1.64 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, December 30th.

Amplify Digital Payments ETF Company Profile

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.