Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) Sees Significant Increase in Short Interest

Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 443,435 shares, a growth of 86.5% from the August 15th total of 237,721 shares. Based on an average daily trading volume, of 229,923 shares, the short-interest ratio is currently 1.9 days. Currently, 2.5% of the shares of the stock are sold short.

Amplify Transformational Data Sharing ETF Stock Performance

Amplify Transformational Data Sharing ETF stock opened at $60.99 on Wednesday. The company’s fifty day moving average price is $61.62 and its 200 day moving average price is $60.13. Amplify Transformational Data Sharing ETF has a 1 year low of $46.90 and a 1 year high of $75.89. The stock has a market capitalization of $1.09 billion, a P/E ratio of 24.76 and a beta of 2.16.

Hedge Funds Weigh In On Amplify Transformational Data Sharing ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Group One Trading LLC acquired a new position in Amplify Transformational Data Sharing ETF in the 1st quarter valued at $28,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Amplify Transformational Data Sharing ETF during the first quarter worth $31,000. Allied Private Wealth LLC acquired a new stake in shares of Amplify Transformational Data Sharing ETF in the second quarter valued at about $74,000. AlphaCore Capital LLC raised its position in shares of Amplify Transformational Data Sharing ETF by 30.2% in the fourth quarter. AlphaCore Capital LLC now owns 1,510 shares of the company’s stock valued at $86,000 after buying an additional 350 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its stake in shares of Amplify Transformational Data Sharing ETF by 13.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,810 shares of the company’s stock worth $103,000 after buying an additional 220 shares in the last quarter.

Amplify Transformational Data Sharing ETF Company Profile

The Amplify Transformational Data Sharing ETF (BLOK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio mainly consisting of global equities focusing on blockchain technology. BLOK was launched on Jan 16, 2018 and is managed by Amplify.