Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Sees Significant Increase in Short Interest

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 8,381 shares, an increase of 381.4% from the April 15th total of 1,741 shares. Based on an average trading volume of 12,927 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.5% of the company’s shares are sold short.

Hedge Funds Weigh In On Amplify BlueStar Israel Technology ETF

Several institutional investors have recently made changes to their positions in ITEQ. Jane Street Group LLC purchased a new position in Amplify BlueStar Israel Technology ETF during the 4th quarter valued at about $1,849,000. LPL Financial LLC increased its holdings in shares of Amplify BlueStar Israel Technology ETF by 1.4% in the 4th quarter. LPL Financial LLC now owns 123,754 shares of the company’s stock valued at $7,183,000 after acquiring an additional 1,697 shares during the period. Flow Traders U.S. LLC bought a new position in shares of Amplify BlueStar Israel Technology ETF in the 3rd quarter worth $1,385,000. Ausdal Financial Partners Inc. bought a new stake in Amplify BlueStar Israel Technology ETF during the third quarter valued at about $332,000. Finally, Raymond James Financial Inc. raised its holdings in Amplify BlueStar Israel Technology ETF by 82.7% in the third quarter. Raymond James Financial Inc. now owns 4,284 shares of the company’s stock worth $251,000 after purchasing an additional 1,939 shares in the last quarter.

Amplify BlueStar Israel Technology ETF Trading Up 1.9%

Shares of NYSEARCA ITEQ traded up $1.21 during mid-day trading on Thursday, reaching $64.27. The company had a trading volume of 2,704 shares, compared to its average volume of 15,502. Amplify BlueStar Israel Technology ETF has a 52 week low of $50.76 and a 52 week high of $64.53. The business’s 50-day moving average is $60.51 and its 200-day moving average is $59.14. The stock has a market cap of $115.69 million, a price-to-earnings ratio of 29.66 and a beta of 0.98.

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.