Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ – Get Free Report) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 1,464 shares, a decline of 56.2% from the July 15th total of 3,345 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 3,249 shares, the days-to-cover ratio is presently 0.5 days.
Institutional Investors Weigh In On Amplify BlueStar Israel Technology ETF
Several hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Amplify BlueStar Israel Technology ETF by 25,739.9% during the 4th 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 during the last quarter. LPL Financial LLC increased its stake in 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 worth $7,183,000 after purchasing an additional 1,697 shares during the period. Jane Street Group LLC bought a new stake in Amplify BlueStar Israel Technology ETF during the 4th quarter valued at $1,849,000. Flow Traders U.S. LLC purchased a new stake in shares of Amplify BlueStar Israel Technology ETF during the third quarter worth about $1,385,000. Finally, Ausdal Financial Partners Inc. purchased a new stake in Amplify BlueStar Israel Technology ETF in the 3rd quarter worth approximately $332,000.
Amplify BlueStar Israel Technology ETF Price Performance
Shares of ITEQ traded down $0.47 during midday trading on Friday, hitting $66.20. 2,946 shares of the company traded hands, compared to its average volume of 10,831. The stock has a 50-day moving average of $65.11 and a 200-day moving average of $62.43. The firm has a market cap of $119.16 million, a P/E ratio of 29.66 and a beta of 1.01. Amplify BlueStar Israel Technology ETF has a one year low of $52.16 and a one year high of $71.00.
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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