Short Interest in Amplify Travel Tech ETF (NYSEARCA:AWAY) Rises By 305.3%

Amplify Travel Tech ETF (NYSEARCA:AWAY) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 13,504 shares, an increase of 305.3% from the November 30th total of 3,332 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 24,808 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 24,808 shares, the short-interest ratio is presently 0.5 days. Approximately 0.8% of the company’s shares are sold short.

Institutional Trading of Amplify Travel Tech ETF

Several hedge funds and other institutional investors have recently modified their holdings of AWAY. Simplex Trading LLC boosted its stake in shares of Amplify Travel Tech ETF by 120.5% in the second quarter. Simplex Trading LLC now owns 2,536 shares of the company’s stock valued at $54,000 after buying an additional 1,386 shares during the period. Citadel Advisors LLC bought a new position in Amplify Travel Tech ETF during the 3rd quarter worth approximately $204,000. Finally, Flow Traders U.S. LLC acquired a new stake in Amplify Travel Tech ETF during the 2nd quarter worth about $279,000.

Amplify Travel Tech ETF Price Performance

Shares of AWAY traded down $0.11 during midday trading on Thursday, hitting $20.74. The stock had a trading volume of 8,616 shares, compared to its average volume of 10,514. Amplify Travel Tech ETF has a twelve month low of $16.90 and a twelve month high of $23.24. The company has a 50 day simple moving average of $21.02 and a two-hundred day simple moving average of $21.59. The firm has a market cap of $37.33 million, a price-to-earnings ratio of 345.67 and a beta of 1.16.

About Amplify Travel Tech ETF

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.