Amplify Bitcoin 2% Monthly Option Income ETF (BATS:BITY) Sees Significant Drop in Short Interest

Amplify Bitcoin 2% Monthly Option Income ETF (BATS:BITY) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 635 shares, a decline of 49.8% from the June 30th total of 1,264 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 9,314 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Amplify Bitcoin 2% Monthly Option Income ETF

A number of hedge funds have recently added to or reduced their stakes in the company. OLD Mission Capital LLC bought a new position in Amplify Bitcoin 2% Monthly Option Income ETF in the 4th quarter valued at approximately $297,000. Kestra Advisory Services LLC purchased a new stake in Amplify Bitcoin 2% Monthly Option Income ETF during the 4th quarter valued at $40,000. Finally, Jane Street Group LLC bought a new stake in shares of Amplify Bitcoin 2% Monthly Option Income ETF in the 2nd quarter worth $637,000.

Amplify Bitcoin 2% Monthly Option Income ETF Trading Up 1.3%

Shares of BATS BITY opened at $26.33 on Tuesday. The firm’s 50 day moving average price is $27.08 and its 200-day moving average price is $31.42. Amplify Bitcoin 2% Monthly Option Income ETF has a 52-week low of $23.75 and a 52-week high of $61.26.

About Amplify Bitcoin 2% Monthly Option Income ETF

Amplify ETF Trust – Amplify Bitcoin 24% Premium Income ETF is an exchange traded fund launched and managed by Amplify Investments LLC. It invests in fixed income and currency markets of the United States. For its fixed income portion, it invests directly in U.S Treasuries and cash with the maturity of 1 month to 2 years. For its currency portion, it invests through derivatives and through other funds in bitcoin. The fund uses derivatives such as options to create its portfolio. It seeks to invests through a wholly-owned Cayman Islands subsidiary.