Amplify Travel Tech ETF (NYSEARCA:AWAY) Sees Large Decline in Short Interest

Amplify Travel Tech ETF (NYSEARCA:AWAY) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 14,751 shares, a drop of 45.4% from the September 15th total of 27,037 shares. Based on an average trading volume of 7,756 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.1% of the company’s shares are short sold.

Amplify Travel Tech ETF Price Performance

Shares of Amplify Travel Tech ETF stock traded up $0.38 during midday trading on Thursday, reaching $17.09. The company had a trading volume of 5,155 shares, compared to its average volume of 17,131. The stock has a fifty day moving average price of $18.41 and a 200 day moving average price of $17.89. The firm has a market cap of $23.07 million, a PE ratio of 284.83 and a beta of 0.97. Amplify Travel Tech ETF has a fifty-two week low of $15.50 and a fifty-two week high of $22.00.

Hedge Funds Weigh In On Amplify Travel Tech ETF

A hedge fund recently raised its position in Amplify Travel Tech ETF stock. Parallel Advisors LLC raised its position in shares of Amplify Travel Tech ETF (NYSEARCA:AWAY) by 67.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,614 shares of the company’s stock after acquiring an additional 650 shares during the quarter. Parallel Advisors LLC owned about 0.11% of Amplify Travel Tech ETF worth $26,000 as of its most recent SEC filing.

Amplify Travel Tech ETF Company Profile

The ETFMG Travel Tech ETF (AWAY) is an exchange-traded fund that is based on the Prime Travel Technology index. The fund tracks an index of global travel technology companies that are fundamentally screened and are weighted based on market cap and liquidity. AWAY was launched on Feb 12, 2020 and is managed by ETF Managers Group.