Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Sees Significant Decrease in Short Interest

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 564 shares, a decline of 61.5% from the July 30th total of 1,464 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 2,919 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ITEQ. Northwestern Mutual Wealth Management Co. raised its position in Amplify BlueStar Israel Technology ETF by 25,739.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 848,841 shares of the company’s stock worth $49,272,000 after acquiring an additional 845,556 shares during the period. Jane Street Group LLC bought a new stake in shares of Amplify BlueStar Israel Technology ETF during the 4th quarter valued at $1,849,000. LPL Financial LLC grew its position in shares of Amplify BlueStar Israel Technology ETF by 1.4% during the 4th quarter. LPL Financial LLC now owns 123,754 shares of the company’s stock valued at $7,183,000 after acquiring an additional 1,697 shares during the period. Flow Traders U.S. LLC purchased a new stake in shares of Amplify BlueStar Israel Technology ETF in the 3rd quarter worth $1,385,000. Finally, Ausdal Financial Partners Inc. purchased a new stake in shares of Amplify BlueStar Israel Technology ETF in the 3rd quarter worth $332,000.

Amplify BlueStar Israel Technology ETF Stock Performance

Shares of NYSEARCA ITEQ traded down $1.46 during midday trading on Friday, hitting $63.16. 5,235 shares of the stock traded hands, compared to its average volume of 10,298. The firm has a 50-day moving average of $64.66 and a two-hundred day moving average of $62.62. The firm has a market capitalization of $113.69 million, a P/E ratio of 29.66 and a beta of 1.01. Amplify BlueStar Israel Technology ETF has a one year low of $52.16 and a one year high of $71.00.

Amplify BlueStar Israel Technology ETF Company Profile

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.