Short Interest in Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Grows By 95.6%

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,103 shares, an increase of 95.6% from the August 15th total of 564 shares. Based on an average daily trading volume, of 2,038 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ITEQ. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Amplify BlueStar Israel Technology ETF by 25,739.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 848,841 shares of the company’s stock worth $49,272,000 after purchasing an additional 845,556 shares during the period. Royal Bank of Canada grew its position in Amplify BlueStar Israel Technology ETF by 94.0% during the first quarter. Royal Bank of Canada now owns 1,193 shares of the company’s stock worth $69,000 after buying an additional 578 shares in the last quarter. Finally, IFP Advisors Inc grew its position in Amplify BlueStar Israel Technology ETF by 35.0% during the fourth quarter. IFP Advisors Inc now owns 1,773 shares of the company’s stock worth $103,000 after buying an additional 460 shares in the last quarter.

Amplify BlueStar Israel Technology ETF Trading Up 1.8%

Shares of Amplify BlueStar Israel Technology ETF stock traded up $1.09 on Thursday, reaching $62.36. The stock had a trading volume of 1,609 shares, compared to its average volume of 9,671. The business’s 50 day moving average is $63.67 and its two-hundred day moving average is $63.03. Amplify BlueStar Israel Technology ETF has a 1 year low of $52.16 and a 1 year high of $71.00. The company has a market cap of $66.10 million, a P/E ratio of 29.66 and a beta of 1.01.

Amplify BlueStar Israel Technology ETF Company Profile

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.