Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Short Interest Up 3,381.2% in February

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 20,330 shares, an increase of 3,381.2% from the January 29th total of 584 shares. Based on an average daily volume of 7,381 shares, the days-to-cover ratio is currently 2.8 days. Approximately 1.2% of the company’s stock are sold short. Approximately 1.2% of the company’s stock are sold short. Based on an average daily volume of 7,381 shares, the days-to-cover ratio is currently 2.8 days.

Amplify BlueStar Israel Technology ETF Stock Performance

Shares of Amplify BlueStar Israel Technology ETF stock traded up $0.34 during midday trading on Wednesday, reaching $56.83. 8,356 shares of the company’s stock traded hands, compared to its average volume of 9,596. Amplify BlueStar Israel Technology ETF has a 52 week low of $42.92 and a 52 week high of $64.05. The company’s 50 day simple moving average is $59.60 and its 200 day simple moving average is $57.79. The company has a market cap of $96.61 million, a price-to-earnings ratio of 29.66 and a beta of 1.00.

Amplify BlueStar Israel Technology ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were given a $0.4918 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $1.97 dividend on an annualized basis and a dividend yield of 3.5%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ITEQ. Legacy Wealth Managment LLC ID bought a new position in shares of Amplify BlueStar Israel Technology ETF in the second quarter worth about $54,000. Raymond James Financial Inc. acquired a new stake in Amplify BlueStar Israel Technology ETF in the 2nd quarter valued at approximately $133,000. Family Management Corp bought a new position in Amplify BlueStar Israel Technology ETF in the 3rd quarter worth approximately $205,000. Ausdal Financial Partners Inc. bought a new position in Amplify BlueStar Israel Technology ETF in the 3rd quarter worth approximately $332,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of Amplify BlueStar Israel Technology ETF during the third quarter worth approximately $1,385,000.

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.