Short Interest in Amplify Alternative Harvest ETF (NYSEARCA:MJ) Increases By 121.5%

Amplify Alternative Harvest ETF (NYSEARCA:MJ) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 135,471 shares, an increase of 121.5% from the May 31st total of 61,162 shares. Approximately 2.7% of the shares of the company are sold short. Based on an average daily trading volume, of 47,504 shares, the days-to-cover ratio is currently 2.9 days.

Amplify Alternative Harvest ETF Stock Up 1.1%

NYSEARCA MJ opened at $24.70 on Tuesday. The stock’s 50-day moving average price is $26.14 and its 200-day moving average price is $26.94. Amplify Alternative Harvest ETF has a 52 week low of $17.44 and a 52 week high of $46.75. The company has a market capitalization of $122.76 million, a P/E ratio of 16.86 and a beta of 1.12.

Institutional Investors Weigh In On Amplify Alternative Harvest ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MJ. Jane Street Group LLC raised its stake in Amplify Alternative Harvest ETF by 42.3% during the 1st quarter. Jane Street Group LLC now owns 182,616 shares of the company’s stock worth $3,561,000 after acquiring an additional 54,316 shares during the period. OLD Mission Capital LLC boosted its position in shares of Amplify Alternative Harvest ETF by 65.5% in the fourth quarter. OLD Mission Capital LLC now owns 108,013 shares of the company’s stock worth $3,218,000 after purchasing an additional 42,752 shares during the period. UBS Group AG raised its position in shares of Amplify Alternative Harvest ETF by 9.3% during the 3rd quarter. UBS Group AG now owns 19,805 shares of the company’s stock valued at $740,000 after purchasing an additional 1,681 shares during the period. Cetera Investment Advisers raised its position in shares of Amplify Alternative Harvest ETF by 4.4% during the 1st quarter. Cetera Investment Advisers now owns 16,028 shares of the company’s stock valued at $369,000 after purchasing an additional 680 shares during the period. Finally, Group One Trading LLC bought a new stake in shares of Amplify Alternative Harvest ETF during the 3rd quarter valued at $379,000.

Amplify Alternative Harvest ETF Company Profile

The ETFMG Alternative Harvest ETF (MJ) is an exchange-traded fund that is based on the Prime Alternative Harvest index. The fund tracks an index of global firms engaged in the legal cultivation, production, marketing or distribution of cannabis, cannabinoids or tobacco products. The portfolio is weighted by market cap or equally based on a proprietary system. MJ was launched on Dec 2, 2015 and is managed by ETF Managers Group.