Amplify Online Retail ETF (NYSEARCA:IBUY) Short Interest Up 3,775.6% in February

Amplify Online Retail ETF (NYSEARCA:IBUY) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 96,503 shares, a growth of 3,775.6% from the January 29th total of 2,490 shares. Currently, 4.9% of the shares of the company are sold short. Based on an average trading volume of 35,043 shares, the short-interest ratio is currently 2.8 days. Based on an average trading volume of 35,043 shares, the short-interest ratio is currently 2.8 days. Currently, 4.9% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Horizon Investments LLC purchased a new position in shares of Amplify Online Retail ETF in the 3rd quarter valued at about $56,000. Larson Financial Group LLC acquired a new stake in Amplify Online Retail ETF in the fourth quarter valued at approximately $76,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Amplify Online Retail ETF in the third quarter valued at approximately $91,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Amplify Online Retail ETF in the fourth quarter valued at approximately $93,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Amplify Online Retail ETF during the 4th quarter worth approximately $147,000.

Amplify Online Retail ETF Price Performance

IBUY traded up $0.35 during trading on Wednesday, reaching $64.46. 10,723 shares of the company’s stock were exchanged, compared to its average volume of 18,895. Amplify Online Retail ETF has a 1 year low of $51.60 and a 1 year high of $79.05. The company’s fifty day simple moving average is $72.16 and its 200-day simple moving average is $73.51. The stock has a market capitalization of $125.70 million, a P/E ratio of 23.29 and a beta of 1.52.

About Amplify Online Retail ETF

The Amplify Online Retail ETF (IBUY) is an exchange-traded fund that is based on the EQM Online Retail index. The fund tracks an index of global stocks issued by firms with revenues dominated by online retail sales. Stocks are equally weighted within two geographic buckets. IBUY was launched on Apr 20, 2016 and is managed by Amplify.