Amplify Digital Payments ETF (NYSEARCA:IPAY) Sees Significant Growth in Short Interest

Amplify Digital Payments ETF (NYSEARCA:IPAY) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 207,364 shares, an increase of 459.8% from the January 15th total of 37,045 shares. Approximately 5.1% of the shares of the company are short sold. Based on an average daily volume of 57,980 shares, the days-to-cover ratio is currently 3.6 days. Based on an average daily volume of 57,980 shares, the days-to-cover ratio is currently 3.6 days. Approximately 5.1% of the shares of the company are short sold.

Amplify Digital Payments ETF Stock Performance

Shares of NYSEARCA IPAY opened at $47.83 on Wednesday. The company has a market capitalization of $193.71 million, a PE ratio of 22.03 and a beta of 1.37. The company’s fifty day moving average price is $51.37 and its 200 day moving average price is $54.76. Amplify Digital Payments ETF has a 1 year low of $44.83 and a 1 year high of $62.05.

Amplify Digital Payments ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were paid a dividend of $0.4108 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Tuesday, December 30th.

Hedge Funds Weigh In On Amplify Digital Payments ETF

Several institutional investors and hedge funds have recently modified their holdings of IPAY. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Amplify Digital Payments ETF during the second quarter worth approximately $41,000. Advisory Services Network LLC purchased a new position in Amplify Digital Payments ETF in the 3rd quarter valued at $42,000. Union Bancaire Privee UBP SA acquired a new stake in Amplify Digital Payments ETF during the 4th quarter worth $51,000. Miller Global Investments LLC purchased a new stake in shares of Amplify Digital Payments ETF during the fourth quarter worth $52,000. Finally, Advantage Trust Co acquired a new stake in shares of Amplify Digital Payments ETF in the second quarter valued at about $171,000.

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.