Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Stock Short Interest Rises 352.6%

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 2,906 shares, a growth of 352.6% from the September 15th total of 642 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 2,018 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Amplify BlueStar Israel Technology ETF stock. Royal Bank of Canada lifted its stake in shares of Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) by 94.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,193 shares of the company’s stock after acquiring an additional 578 shares during the quarter. Royal Bank of Canada owned about 0.07% of Amplify BlueStar Israel Technology ETF worth $69,000 as of its most recent filing with the SEC.

Amplify BlueStar Israel Technology ETF Stock Performance

Shares of ITEQ stock traded down $1.39 during trading on Monday, hitting $60.67. 1,672 shares of the company were exchanged, compared to its average volume of 8,995. The business’s 50-day simple moving average is $62.94 and its 200 day simple moving average is $63.39. The firm has a market capitalization of $106.17 million, a price-to-earnings ratio of 29.66 and a beta of 1.02. Amplify BlueStar Israel Technology ETF has a twelve month low of $52.16 and a twelve month 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.