Short Interest in Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Decreases By 61.5%

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 564 shares, a drop of 61.5% from the July 30th total of 1,464 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 2,919 shares, the days-to-cover ratio is presently 0.2 days.

Amplify BlueStar Israel Technology ETF Stock Down 2.3%

Shares of NYSEARCA ITEQ traded down $1.50 during midday trading on Friday, hitting $63.12. The company had a trading volume of 4,528 shares, compared to its average volume of 10,286. The firm has a market capitalization of $113.62 million, a price-to-earnings ratio of 29.66 and a beta of 1.01. Amplify BlueStar Israel Technology ETF has a twelve month low of $52.16 and a twelve month high of $71.00. The business has a 50-day simple moving average of $64.71 and a two-hundred day simple moving average of $62.61.

Institutional Investors Weigh In On Amplify BlueStar Israel Technology ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its stake 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 in the last quarter. Raymond James Financial Inc. increased its stake in Amplify BlueStar Israel Technology ETF by 82.7% in the 3rd quarter. Raymond James Financial Inc. now owns 4,284 shares of the company’s stock valued at $251,000 after purchasing an additional 1,939 shares in the last quarter. LPL Financial LLC raised its holdings in Amplify BlueStar Israel Technology ETF by 1.4% during the fourth 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 last quarter. Jane Street Group LLC purchased a new stake in Amplify BlueStar Israel Technology ETF during the fourth quarter worth $1,849,000. Finally, Flow Traders U.S. LLC purchased a new stake in Amplify BlueStar Israel Technology ETF during the third quarter worth $1,385,000.

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.