Short Interest in Amplify Bitcoin 2% Monthly Option Income ETF (BATS:BITY) Drops By 49.8%

Amplify Bitcoin 2% Monthly Option Income ETF (BATS:BITY) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 635 shares, a decline of 49.8% from the June 30th total of 1,264 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 9,314 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new stake in shares of Amplify Bitcoin 2% Monthly Option Income ETF during the fourth quarter valued at approximately $40,000. OLD Mission Capital LLC purchased a new position in Amplify Bitcoin 2% Monthly Option Income ETF in the 4th quarter worth approximately $297,000. Finally, Jane Street Group LLC purchased a new position in Amplify Bitcoin 2% Monthly Option Income ETF in the 2nd quarter worth approximately $637,000.

Amplify Bitcoin 2% Monthly Option Income ETF Price Performance

Shares of BITY stock opened at $25.82 on Wednesday. Amplify Bitcoin 2% Monthly Option Income ETF has a one year low of $23.75 and a one year high of $61.26. The company’s 50-day moving average is $26.95 and its 200 day moving average is $31.31.

About Amplify Bitcoin 2% Monthly Option Income ETF

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.