Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Sees Large Drop in Short Interest

Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 734,329 shares, a decrease of 26.2% from the December 15th total of 995,390 shares. Based on an average daily volume of 212,949 shares, the short-interest ratio is currently 3.4 days. Currently, 3.8% of the shares of the stock are sold short. Currently, 3.8% of the shares of the stock are sold short. Based on an average daily volume of 212,949 shares, the short-interest ratio is currently 3.4 days.

Institutional Investors Weigh In On Amplify Transformational Data Sharing ETF

A number of institutional investors and hedge funds have recently modified their holdings of BLOK. Concurrent Investment Advisors LLC lifted its stake in Amplify Transformational Data Sharing ETF by 172.2% during the third quarter. Concurrent Investment Advisors LLC now owns 585,440 shares of the company’s stock valued at $39,248,000 after buying an additional 370,333 shares in the last quarter. Carter Financial Group INC. purchased a new stake in shares of Amplify Transformational Data Sharing ETF in the 2nd quarter valued at approximately $7,662,000. Foundations Investment Advisors LLC acquired a new position in Amplify Transformational Data Sharing ETF in the 3rd quarter worth approximately $5,989,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Amplify Transformational Data Sharing ETF during the 3rd quarter worth approximately $5,960,000. Finally, Riggs Asset Managment Co. Inc. acquired a new stake in Amplify Transformational Data Sharing ETF during the 3rd quarter valued at $5,865,000.

Amplify Transformational Data Sharing ETF Stock Up 2.4%

Amplify Transformational Data Sharing ETF stock traded up $1.55 during mid-day trading on Monday, hitting $65.81. The company’s stock had a trading volume of 1,767,327 shares, compared to its average volume of 486,109. The stock has a market capitalization of $1.31 billion, a P/E ratio of 24.76 and a beta of 2.10. Amplify Transformational Data Sharing ETF has a twelve month low of $31.32 and a twelve month high of $75.89. The stock’s fifty day moving average price is $60.65 and its two-hundred day moving average price is $62.53.

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.