Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ – Get Free Report) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 3,154 shares, an increase of 110.8% from the May 14th total of 1,496 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 5,499 shares, the short-interest ratio is presently 0.6 days.
Hedge Funds Weigh In On Amplify BlueStar Israel Technology ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new stake in Amplify BlueStar Israel Technology ETF in the 4th quarter valued at $33,000. Royal Bank of Canada lifted its position in Amplify BlueStar Israel Technology ETF by 94.0% in the 1st quarter. Royal Bank of Canada now owns 1,193 shares of the company’s stock valued at $69,000 after acquiring an additional 578 shares in the last quarter. IFP Advisors Inc lifted its position in 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 in the last quarter. Raymond James Financial Inc. bought a new stake in Amplify BlueStar Israel Technology ETF in the 2nd quarter valued at $133,000. Finally, Family Management Corp bought a new stake in Amplify BlueStar Israel Technology ETF in the 3rd quarter valued at $205,000.
Amplify BlueStar Israel Technology ETF Stock Performance
ITEQ traded up $0.59 during trading on Monday, reaching $67.48. 2,247 shares of the company’s stock were exchanged, compared to its average volume of 13,591. The company’s fifty day moving average price is $63.45 and its 200-day moving average price is $60.51. Amplify BlueStar Israel Technology ETF has a fifty-two week low of $51.14 and a fifty-two week high of $71.00. The firm has a market capitalization of $121.46 million, a PE ratio of 29.66 and a beta of 1.00.
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.
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