Amplify Digital Payments ETF (NYSEARCA:IPAY) Short Interest Down 81.7% in February

Amplify Digital Payments ETF (NYSEARCA:IPAY) saw a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 37,952 shares, a decline of 81.7% from the January 29th total of 207,364 shares. Based on an average daily trading volume, of 59,294 shares, the short-interest ratio is currently 0.6 days. Currently, 0.9% of the company’s stock are sold short. Currently, 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 59,294 shares, the short-interest ratio is currently 0.6 days.

Amplify Digital Payments ETF Stock Up 2.0%

NYSEARCA IPAY traded up $0.88 on Wednesday, reaching $45.05. The company had a trading volume of 18,022 shares, compared to its average volume of 47,884. The company’s fifty day moving average is $49.75 and its 200 day moving average is $53.79. Amplify Digital Payments ETF has a 52-week low of $43.75 and a 52-week high of $60.99. The stock has a market capitalization of $182.45 million, a P/E ratio of 22.03 and a beta of 1.37.

Amplify Digital Payments ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were given a dividend of $0.4108 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Investors Weigh In On Amplify Digital Payments ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC bought a new position in shares of Amplify Digital Payments ETF during the 4th quarter worth approximately $26,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Amplify Digital Payments ETF by 467.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 567 shares of the company’s stock valued at $30,000 after acquiring an additional 467 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Amplify Digital Payments ETF during the second quarter valued at approximately $41,000. Advisory Services Network LLC bought a new stake in Amplify Digital Payments ETF during the third quarter worth $42,000. Finally, Union Bancaire Privee UBP SA purchased a new position in Amplify Digital Payments ETF in the fourth quarter worth $51,000.

About Amplify Digital Payments ETF

The ETFMG Prime Mobile Payments ETF (IPAY) is an exchange-traded fund that is based on the Prime Mobile Payments index. The fund tracks an index of global equity in credit card firms, and companies providing payment infrastructure, payment services, payment processing and payment solutions. IPAY was launched on Jul 15, 2015 and is managed by ETF Managers Group.