Amplify Online Retail ETF (NYSEARCA:IBUY) Stock Short Interest Climbs 65.1%

Amplify Online Retail ETF (NYSEARCA:IBUY) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 34,251 shares, a growth of 65.1% from the August 31st total of 20,750 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average daily volume of 16,944 shares, the days-to-cover ratio is currently 2.0 days.

Amplify Online Retail ETF Stock Performance

Shares of IBUY stock traded up $0.24 on Wednesday, hitting $67.01. The company’s stock had a trading volume of 3,454 shares, compared to its average volume of 14,908. The stock’s 50 day moving average is $71.04 and its 200-day moving average is $68.20. Amplify Online Retail ETF has a fifty-two week low of $58.08 and a fifty-two week high of $77.38. The company has a market capitalization of $120.62 million, a PE ratio of 23.29 and a beta of 1.46.

Institutional Investors Weigh In On Amplify Online Retail ETF

A number of large investors have recently added to or reduced their stakes in IBUY. Moran Wealth Management LLC raised its stake in Amplify Online Retail ETF by 41.6% in the first quarter. Moran Wealth Management LLC now owns 34,604 shares of the company’s stock valued at $2,163,000 after purchasing an additional 10,167 shares in the last quarter. Ameritas Advisory Services LLC boosted its stake in Amplify Online Retail ETF by 46.3% in the second quarter. Ameritas Advisory Services LLC now owns 16,614 shares of the company’s stock valued at $1,148,000 after buying an additional 5,258 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC grew its position in Amplify Online Retail ETF by 95.7% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 5,508 shares of the company’s stock valued at $344,000 after acquiring an additional 2,694 shares during the last quarter.

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.