Amplify Bitcoin 2% Monthly Option Income ETF (BATS:BITY) Sees Large Increase in Short Interest

Amplify Bitcoin 2% Monthly Option Income ETF (BATS:BITY) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 13,607 shares, a growth of 295.7% from the May 14th total of 3,439 shares. Approximately 12.4% of the company’s shares are short sold. Based on an average daily trading volume, of 4,167 shares, the short-interest ratio is presently 3.3 days.

Amplify Bitcoin 2% Monthly Option Income ETF Stock Down 0.0%

BITY stock opened at $25.66 on Thursday. Amplify Bitcoin 2% Monthly Option Income ETF has a 12 month low of $24.39 and a 12 month high of $61.76. The firm’s 50-day moving average is $31.77 and its 200 day moving average is $34.78.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in Amplify Bitcoin 2% Monthly Option Income ETF during the 2nd quarter worth about $637,000. OLD Mission Capital LLC bought a new position in Amplify Bitcoin 2% Monthly Option Income ETF during the 4th quarter worth about $297,000. Finally, Kestra Advisory Services LLC bought a new position in Amplify Bitcoin 2% Monthly Option Income ETF during the 4th quarter worth about $40,000.

Amplify Bitcoin 2% Monthly Option Income ETF Company Profile

Amplify ETF Trust – Amplify Bitcoin 24% Premium Income ETF is an exchange traded fund launched and managed by Amplify Investments LLC. It invests in fixed income and currency markets of the United States. For its fixed income portion, it invests directly in U.S Treasuries and cash with the maturity of 1 month to 2 years. For its currency portion, it invests through derivatives and through other funds in bitcoin. The fund uses derivatives such as options to create its portfolio. It seeks to invests through a wholly-owned Cayman Islands subsidiary.