Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ – Get Free Report) was the target of a large growth in short interest in 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. Based on an average daily volume of 2,038 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.
Amplify BlueStar Israel Technology ETF Stock Performance
Shares of Amplify BlueStar Israel Technology ETF stock traded down $0.15 during trading on Tuesday, hitting $61.39. 514 shares of the stock were exchanged, compared to its average volume of 9,757. Amplify BlueStar Israel Technology ETF has a 12 month low of $52.16 and a 12 month high of $71.00. The stock has a market cap of $110.51 million, a PE ratio of 29.66 and a beta of 1.01. The stock’s fifty day moving average is $63.85 and its 200 day moving average is $62.97.
Institutional Trading of Amplify BlueStar Israel Technology ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its position in Amplify BlueStar Israel Technology ETF by 25,739.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 848,841 shares of the company’s stock worth $49,272,000 after acquiring an additional 845,556 shares in the last quarter. Royal Bank of Canada boosted 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 valued at $69,000 after purchasing an additional 578 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in shares of Amplify BlueStar Israel Technology ETF by 35.0% in the 4th quarter. IFP Advisors Inc now owns 1,773 shares of the company’s stock worth $103,000 after purchasing an additional 460 shares during 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.
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