For investors seeking momentum, Amplify Online Retail ETF IBUY is probably on radar. The fund just hit a 52-week high, and is up roughly 32% from its 52-week low price of $39.27/SHARE.But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:IBUY in FocusIBUY offers global exposure to companies that derive 70% or more revenues from online and virtual retail by tracking the EQM Online Retail Index. The fund is home to 47 stocks, each accounting for less than 4% of the assets. In terms of industrial exposure, traditional retail makes up for 59.2% share while marketplace and travel round off the next two spots. The ETF charges 65 bps in annual fees (see: all the Consumer Discretionary ETFs here).Why the Move?The retail corner of the broad consumer discretionary sector has been an area to watch lately given the strongest holiday season and an e-commerce bonanza. Total U.S. retail sales, excluding automobiles, rose 3.4% year over year between Nov 1 and Dec 24 per the MasterCard Advisors' SpendingPulse. E-commerce sales have surged 18.8% year over year and represent about 14.6% of total retail sales. This is primarily driven by 17% growth in apparel sales. Online electronics sales were also robust, rising 10.7%. Meanwhile, sales at department stores and jewelry rose 6.9% and 8.8%, respectively.More Gains Ahead?It seems that IBUY will remain strong given a higher weighted alpha of 25.70 and a lower risk as depicted by a 20-day volatility of 10.28%. As a result, there is definitely some promise left for investors who want to ride on this surging ETF a little further.Want key ETF info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amplify Online Retail ETF (IBUY): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report