Short Interest in Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Declines By 82.2%

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,496 shares, a decrease of 82.2% from the April 30th total of 8,381 shares. Based on an average daily volume of 6,611 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Amplify BlueStar Israel Technology ETF

Large investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new stake in Amplify BlueStar Israel Technology ETF during the fourth quarter worth approximately $33,000. Royal Bank of Canada grew its position in Amplify BlueStar Israel Technology ETF by 94.0% during the first quarter. Royal Bank of Canada now owns 1,193 shares of the company’s stock worth $69,000 after buying an additional 578 shares in the last quarter. IFP Advisors Inc grew its position in Amplify BlueStar Israel Technology ETF by 35.0% during the fourth quarter. IFP Advisors Inc now owns 1,773 shares of the company’s stock worth $103,000 after buying an additional 460 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Amplify BlueStar Israel Technology ETF during the second quarter worth approximately $133,000. Finally, Family Management Corp acquired a new stake in Amplify BlueStar Israel Technology ETF during the third quarter worth approximately $205,000.

Amplify BlueStar Israel Technology ETF Stock Up 0.3%

Shares of Amplify BlueStar Israel Technology ETF stock traded up $0.18 on Friday, hitting $68.51. The stock had a trading volume of 3,344 shares, compared to its average volume of 14,540. Amplify BlueStar Israel Technology ETF has a twelve month low of $51.14 and a twelve month high of $68.69. The business’s 50 day moving average is $61.94 and its two-hundred day moving average is $59.72. The stock has a market cap of $123.32 million, a price-to-earnings ratio of 29.66 and a beta of 0.98.

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.