Amplify Online Retail ETF (NYSEARCA:IBUY) Trading Down 1.1% – What’s Next?

Shares of Amplify Online Retail ETF (NYSEARCA:IBUY) were down 1.1% during mid-day trading on Tuesday . The company traded as low as $69.11 and last traded at $69.12. Approximately 2,662 shares changed hands during trading, a decline of 84% from the average daily volume of 16,274 shares. The stock had previously closed at $69.87.

Amplify Online Retail ETF Stock Up 0.7%

The firm has a 50-day simple moving average of $67.03 and a 200-day simple moving average of $68.27. The stock has a market cap of $109.43 million, a PE ratio of 23.29 and a beta of 1.44.

Institutional Trading of Amplify Online Retail ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its stake in Amplify Online Retail ETF by 176.6% in the 2nd quarter. Jane Street Group LLC now owns 10,510 shares of the company’s stock worth $726,000 after purchasing an additional 6,710 shares during the period. Ameriprise Financial Inc. purchased a new stake in shares of Amplify Online Retail ETF in the second quarter worth about $2,408,000. Horizon Investments LLC purchased a new stake in shares of Amplify Online Retail ETF in the third quarter worth about $56,000. Ausdal Financial Partners Inc. bought a new position in shares of Amplify Online Retail ETF in the third quarter valued at approximately $209,000. Finally, Flow Traders U.S. LLC boosted its position in shares of Amplify Online Retail ETF by 130.3% in the third quarter. Flow Traders U.S. LLC now owns 9,772 shares of the company’s stock valued at $744,000 after acquiring an additional 5,529 shares during the period.

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.