Short Interest in Amplify Digital Payments ETF (NYSEARCA:IPAY) Increases By 32.5%

Amplify Digital Payments ETF (NYSEARCA:IPAY) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 37,045 shares, a growth of 32.5% from the December 31st total of 27,952 shares. Based on an average daily volume of 32,552 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.9% of the shares of the company are short sold. Currently, 0.9% of the shares of the company are short sold. Based on an average daily volume of 32,552 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On Amplify Digital Payments ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CW Advisors LLC purchased a new stake in Amplify Digital Payments ETF in the second quarter worth about $745,000. Florin Court Capital LLP grew its stake in shares of Amplify Digital Payments ETF by 25.7% during the 2nd quarter. Florin Court Capital LLP now owns 14,335 shares of the company’s stock valued at $859,000 after acquiring an additional 2,929 shares during the period. Prudential PLC grew its stake in shares of Amplify Digital Payments ETF by 226.9% during the 2nd quarter. Prudential PLC now owns 72,610 shares of the company’s stock valued at $4,351,000 after acquiring an additional 50,400 shares during the period. Advantage Trust Co purchased a new stake in Amplify Digital Payments ETF in the 2nd quarter worth approximately $171,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Amplify Digital Payments ETF during the 2nd quarter worth approximately $41,000.

Amplify Digital Payments ETF Trading Down 5.4%

IPAY opened at $46.35 on Wednesday. The company’s 50 day moving average is $51.85 and its 200 day moving average is $55.24. The company has a market cap of $187.72 million, a price-to-earnings ratio of 22.03 and a beta of 1.37. Amplify Digital Payments ETF has a 12-month low of $44.83 and a 12-month high of $62.05.

Amplify Digital Payments ETF Announces Dividend

The firm also recently declared 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 3.5%. The ex-dividend date was Tuesday, December 30th.

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.