Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Short Interest Down 51.2% in June

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

Institutional Trading of Amplify BlueStar Israel Technology ETF

Hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its stake in shares of Amplify BlueStar Israel Technology ETF by 25,739.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 848,841 shares of the company’s stock worth $49,272,000 after acquiring an additional 845,556 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Amplify BlueStar Israel Technology ETF by 1.4% during 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 last quarter. Jane Street Group LLC purchased a new position in shares of Amplify BlueStar Israel Technology ETF during the fourth quarter valued at approximately $1,849,000. Flow Traders U.S. LLC bought a new stake in shares of Amplify BlueStar Israel Technology ETF in the 3rd quarter worth approximately $1,385,000. Finally, Ausdal Financial Partners Inc. purchased a new stake in shares of Amplify BlueStar Israel Technology ETF in the 3rd quarter worth approximately $332,000.

Amplify BlueStar Israel Technology ETF Trading Up 1.8%

NYSEARCA ITEQ traded up $1.14 during trading on Tuesday, hitting $66.25. The company had a trading volume of 4,457 shares, compared to its average volume of 12,867. The company’s fifty day moving average is $64.54 and its 200-day moving average is $61.17. Amplify BlueStar Israel Technology ETF has a one year low of $51.14 and a one year high of $71.00. The company has a market cap of $119.25 million, a price-to-earnings 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.