Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Short Interest Up 293.5% in July

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 3,345 shares, an increase of 293.5% from the June 30th total of 850 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 2,848 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ITEQ. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Amplify BlueStar Israel Technology ETF by 25,739.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 848,841 shares of the company’s stock worth $49,272,000 after purchasing an additional 845,556 shares during the last quarter. LPL Financial LLC grew its stake in Amplify BlueStar Israel Technology ETF by 1.4% in the fourth quarter. LPL Financial LLC now owns 123,754 shares of the company’s stock valued at $7,183,000 after purchasing an additional 1,697 shares during the last quarter. Jane Street Group LLC purchased a new position in Amplify BlueStar Israel Technology ETF in the fourth quarter valued at about $1,849,000. Flow Traders U.S. LLC purchased a new position in Amplify BlueStar Israel Technology ETF in the third quarter valued at about $1,385,000. Finally, Ausdal Financial Partners Inc. bought a new position in Amplify BlueStar Israel Technology ETF in the third quarter worth about $332,000.

Amplify BlueStar Israel Technology ETF Stock Performance

NYSEARCA:ITEQ traded down $0.29 during trading hours on Friday, reaching $63.59. The company’s stock had a trading volume of 1,374 shares, compared to its average volume of 11,629. The stock has a 50 day moving average price of $65.76 and a two-hundred day moving average price of $62.11. The company has a market capitalization of $114.46 million, a P/E ratio of 29.66 and a beta of 1.00. Amplify BlueStar Israel Technology ETF has a 12 month low of $51.14 and a 12 month high of $71.00.

About Amplify BlueStar Israel Technology ETF

The BlueStar Israel Technology ETF (ITEQ) is an exchange-traded fund that is based on the BlueStar Israel Global Technology index. The fund tracks an index composed of Israeli technology companies listed globally. ITEQ was launched on Nov 2, 2015 and is managed by BlueStar.