Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Sees Large Growth in Short Interest

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQGet Free Report) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 8,381 shares, a growth of 381.4% from the April 15th total of 1,741 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average trading volume of 12,927 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Amplify BlueStar Israel Technology ETF

Several institutional investors and hedge funds have recently modified their holdings of ITEQ. Northwestern Mutual Wealth Management Co. raised its position in shares of Amplify BlueStar Israel Technology ETF by 25,739.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 848,841 shares of the company’s stock valued at $49,272,000 after purchasing an additional 845,556 shares during the period. Jane Street Group LLC bought a new stake in shares of Amplify BlueStar Israel Technology ETF during the 4th quarter valued at $1,849,000. Flow Traders U.S. LLC bought a new stake in shares of Amplify BlueStar Israel Technology ETF during the 3rd quarter valued at $1,385,000. Ausdal Financial Partners Inc. bought a new stake in shares of Amplify BlueStar Israel Technology ETF during the 3rd quarter valued at $332,000. Finally, Family Management Corp bought a new stake in shares of Amplify BlueStar Israel Technology ETF during the 3rd quarter valued at $205,000.

Amplify BlueStar Israel Technology ETF Price Performance

Shares of Amplify BlueStar Israel Technology ETF stock opened at $62.87 on Wednesday. The company’s fifty day simple moving average is $60.30 and its 200-day simple moving average is $59.08. The stock has a market capitalization of $113.17 million, a PE ratio of 29.66 and a beta of 0.98. Amplify BlueStar Israel Technology ETF has a 1-year low of $50.76 and a 1-year high of $64.53.

Amplify BlueStar Israel Technology ETF Company Profile

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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.

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