Short Interest in Amplify Travel Tech ETF (NYSEARCA:AWAY) Expands By 179.6%

Amplify Travel Tech ETF (NYSEARCA:AWAY) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 45,446 shares, an increase of 179.6% from the May 14th total of 16,252 shares. Based on an average daily volume of 10,506 shares, the days-to-cover ratio is presently 4.3 days. Approximately 3.0% of the company’s shares are sold short.

Amplify Travel Tech ETF Stock Down 0.9%

Amplify Travel Tech ETF stock traded down $0.15 during mid-day trading on Friday, hitting $17.11. 1,858 shares of the stock were exchanged, compared to its average volume of 7,883. Amplify Travel Tech ETF has a 12 month low of $15.50 and a 12 month high of $23.24. The firm’s fifty day simple moving average is $17.10 and its two-hundred day simple moving average is $18.30. The stock has a market capitalization of $25.67 million, a price-to-earnings ratio of 285.17 and a beta of 0.91.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings in Amplify Travel Tech ETF by 67.4% during the 1st quarter. Parallel Advisors LLC now owns 1,614 shares of the company’s stock worth $26,000 after purchasing an additional 650 shares during the last quarter. Citadel Advisors LLC bought a new position in Amplify Travel Tech ETF during the 3rd quarter worth approximately $204,000. Flow Traders U.S. LLC bought a new position in Amplify Travel Tech ETF during the 2nd quarter worth approximately $279,000. Finally, Jane Street Group LLC bought a new position in Amplify Travel Tech ETF during the 4th quarter worth approximately $847,000.

About Amplify Travel Tech ETF

The ETFMG Travel Tech ETF (AWAY) is an exchange-traded fund that is based on the Prime Travel Technology index. The fund tracks an index of global travel technology companies that are fundamentally screened and are weighted based on market cap and liquidity. AWAY was launched on Feb 12, 2020 and is managed by ETF Managers Group.