Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Sees Large Growth in Short Interest

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 3,154 shares, a growth of 110.8% from the May 14th total of 1,496 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 5,499 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new position in shares of Amplify BlueStar Israel Technology ETF during the 4th quarter valued at approximately $33,000. Royal Bank of Canada grew its position in shares of Amplify BlueStar Israel Technology ETF by 94.0% during the 1st quarter. Royal Bank of Canada now owns 1,193 shares of the company’s stock valued at $69,000 after acquiring an additional 578 shares during the period. IFP Advisors Inc grew its position in shares of Amplify BlueStar Israel Technology ETF by 35.0% during the 4th quarter. IFP Advisors Inc now owns 1,773 shares of the company’s stock valued at $103,000 after acquiring an additional 460 shares during the period. Raymond James Financial Inc. bought a new position in shares of Amplify BlueStar Israel Technology ETF during the 2nd quarter valued at approximately $133,000. Finally, Family Management Corp bought a new position in shares of Amplify BlueStar Israel Technology ETF during the 3rd quarter valued at approximately $205,000.

Amplify BlueStar Israel Technology ETF Price Performance

NYSEARCA:ITEQ traded up $0.30 during mid-day trading on Friday, reaching $66.89. The stock had a trading volume of 2,113 shares, compared to its average volume of 13,697. Amplify BlueStar Israel Technology ETF has a 12 month low of $51.14 and a 12 month high of $71.00. The stock has a 50-day simple moving average of $63.45 and a two-hundred day simple moving average of $60.46. The stock has a market capitalization of $120.40 million, a PE ratio of 29.66 and a beta of 1.00.

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.