Amplify Travel Tech ETF (NYSEARCA:AWAY) Shares Down 3.5% – Here’s Why

Amplify Travel Tech ETF (NYSEARCA:AWAY)’s stock price traded down 3.5% on Thursday. The stock traded as low as $17.49 and last traded at $17.55. 9,028 shares traded hands during trading, a decline of 45% from the average session volume of 16,370 shares. The stock had previously closed at $18.19.

Amplify Travel Tech ETF Stock Performance

The company’s 50 day moving average price is $17.49 and its 200-day moving average price is $17.78. The company has a market cap of $23.69 million, a price-to-earnings ratio of 292.50 and a beta of 1.02.

Institutional Trading of Amplify Travel Tech ETF

An institutional investor recently raised its stake in Amplify Travel Tech ETF stock. Parallel Advisors LLC raised its holdings in shares of Amplify Travel Tech ETF (NYSEARCA:AWAY) by 67.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,614 shares of the company’s stock after buying an additional 650 shares during the period. Parallel Advisors LLC owned about 0.11% of Amplify Travel Tech ETF worth $26,000 as of its most recent SEC filing.

Amplify Travel Tech ETF Company Profile

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.