Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Short Interest Up 95.6% in August

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,103 shares, a growth of 95.6% from the August 15th total of 564 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 2,038 shares, the days-to-cover ratio is currently 0.5 days.

Amplify BlueStar Israel Technology ETF Price Performance

Shares of Amplify BlueStar Israel Technology ETF stock traded down $0.15 during midday trading on Tuesday, hitting $61.39. The company had a trading volume of 514 shares, compared to its average volume of 9,757. The stock has a market cap of $110.51 million, a PE ratio of 29.66 and a beta of 1.01. The business’s 50 day simple moving average is $63.85 and its two-hundred day simple moving average is $62.97. Amplify BlueStar Israel Technology ETF has a 1-year low of $52.16 and a 1-year high of $71.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased 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 worth $69,000 after purchasing an additional 578 shares in the last quarter. IFP Advisors Inc grew its holdings in 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 worth $103,000 after acquiring an additional 460 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in Amplify BlueStar Israel Technology ETF by 25,739.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 848,841 shares of the company’s stock valued at $49,272,000 after acquiring an additional 845,556 shares in the last quarter.

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.