Short Interest in Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Expands By 293.5%

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQGet Free Report) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 3,345 shares, a growth of 293.5% from the June 30th total of 850 shares. Based on an average daily trading volume, of 2,848 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.2% of the company’s stock are short sold.

Amplify BlueStar Israel Technology ETF Trading Down 0.5%

Shares of ITEQ traded down $0.29 during midday trading on Friday, reaching $63.59. 1,374 shares of the stock were exchanged, compared to its average volume of 11,629. Amplify BlueStar Israel Technology ETF has a 52 week low of $51.14 and a 52 week high of $71.00. The company’s 50 day moving average is $65.76 and its two-hundred day moving average is $62.11. The company has a market capitalization of $114.46 million, a P/E ratio of 29.66 and a beta of 1.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in Amplify BlueStar Israel Technology ETF during the 2nd quarter valued at about $133,000. Family Management Corp bought a new stake in shares of Amplify BlueStar Israel Technology ETF in the 3rd quarter valued at about $205,000. Ausdal Financial Partners Inc. purchased a new stake in shares of Amplify BlueStar Israel Technology ETF in the 3rd quarter worth approximately $332,000. Flow Traders U.S. LLC purchased a new stake in shares of Amplify BlueStar Israel Technology ETF in the 3rd quarter worth approximately $1,385,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Amplify BlueStar Israel Technology ETF by 25,739.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 848,841 shares of the company’s stock worth $49,272,000 after purchasing an additional 845,556 shares during the period.

Amplify BlueStar Israel Technology ETF Company Profile

(Get Free Report)

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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