Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Sees Significant Drop in Short Interest

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,540 shares, a drop of 51.2% from the May 31st total of 3,154 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 5,011 shares, the short-interest ratio is presently 0.3 days.

Amplify BlueStar Israel Technology ETF Price Performance

ITEQ traded up $1.12 during trading hours on Thursday, reaching $67.93. The company’s stock had a trading volume of 997 shares, compared to its average volume of 12,699. The stock has a market cap of $122.27 million, a PE ratio of 29.66 and a beta of 1.00. Amplify BlueStar Israel Technology ETF has a fifty-two week low of $51.14 and a fifty-two week high of $71.00. The business’s 50-day moving average is $64.71 and its 200-day moving average is $61.28.

Institutional Trading of Amplify BlueStar Israel Technology ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. RVW Wealth LLC boosted its stake in Amplify BlueStar Israel Technology ETF by 5.7% during the fourth quarter. RVW Wealth LLC now owns 4,418 shares of the company’s stock worth $256,000 after buying an additional 240 shares during the period. IFP Advisors Inc raised its stake in shares of Amplify BlueStar Israel Technology ETF by 35.0% in the 4th quarter. IFP Advisors Inc now owns 1,773 shares of the company’s stock valued at $103,000 after acquiring an additional 460 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Amplify BlueStar Israel Technology ETF in the 4th quarter worth approximately $33,000. Royal Bank of Canada raised its position in Amplify BlueStar Israel Technology ETF by 94.0% in the first quarter. Royal Bank of Canada now owns 1,193 shares of the company’s stock valued at $69,000 after purchasing an additional 578 shares during the period. Finally, LPL Financial LLC raised its position in Amplify BlueStar Israel Technology ETF by 1.4% in the fourth quarter. LPL Financial LLC now owns 123,754 shares of the company’s stock valued at $7,183,000 after purchasing an additional 1,697 shares during the period.

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.