Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Short Interest Up 110.8% in May

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 3,154 shares, a growth of 110.8% from the May 14th total of 1,496 shares. Based on an average trading volume of 5,499 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Trading of Amplify BlueStar Israel Technology ETF

A number of hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC bought a new stake in Amplify BlueStar Israel Technology ETF in the fourth quarter valued at about $33,000. Royal Bank of Canada increased its stake in Amplify BlueStar Israel Technology ETF by 94.0% in the first quarter. Royal Bank of Canada now owns 1,193 shares of the company’s stock valued at $69,000 after acquiring an additional 578 shares during the period. IFP Advisors Inc increased its stake in Amplify BlueStar Israel Technology ETF by 35.0% in the fourth quarter. IFP Advisors Inc now owns 1,773 shares of the company’s stock valued at $103,000 after acquiring an additional 460 shares during the period. Raymond James Financial Inc. bought a new stake in Amplify BlueStar Israel Technology ETF in the second quarter valued at about $133,000. Finally, Family Management Corp bought a new stake in Amplify BlueStar Israel Technology ETF in the third quarter valued at about $205,000.

Amplify BlueStar Israel Technology ETF Stock Up 1.6%

Shares of ITEQ stock traded up $1.08 during mid-day trading on Monday, reaching $67.97. The stock had a trading volume of 1,725 shares, compared to its average volume of 13,590. The firm’s 50 day simple moving average is $63.45 and its 200 day simple moving average is $60.51. Amplify BlueStar Israel Technology ETF has a one year low of $51.14 and a one year high of $71.00. The firm has a market cap of $122.35 million, a PE ratio of 29.66 and a beta of 1.00.

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.