Short Interest in Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Declines By 52.8%

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totaling 955 shares, a drop of 52.8% from the November 30th total of 2,022 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 5,151 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 5,151 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of Amplify BlueStar Israel Technology ETF

Several institutional investors have recently made changes to their positions in ITEQ. Legacy Wealth Managment LLC ID acquired a new position in shares of Amplify BlueStar Israel Technology ETF during the second quarter worth about $54,000. Flow Traders U.S. LLC acquired a new position in Amplify BlueStar Israel Technology ETF in the third quarter worth $1,385,000. Ausdal Financial Partners Inc. acquired a new stake in Amplify BlueStar Israel Technology ETF during the third quarter worth about $332,000. Raymond James Financial Inc. grew its holdings in shares of Amplify BlueStar Israel Technology ETF by 82.7% during the third quarter. Raymond James Financial Inc. now owns 4,284 shares of the company’s stock valued at $251,000 after purchasing an additional 1,939 shares during the last quarter. Finally, Family Management Corp acquired a new stake in shares of Amplify BlueStar Israel Technology ETF in the third quarter valued at approximately $205,000.

Amplify BlueStar Israel Technology ETF Price Performance

Shares of Amplify BlueStar Israel Technology ETF stock traded down $0.42 during trading on Friday, hitting $59.07. 2,926 shares of the company’s stock traded hands, compared to its average volume of 7,774. Amplify BlueStar Israel Technology ETF has a 1 year low of $42.92 and a 1 year high of $60.05. The stock has a market capitalization of $103.37 million, a P/E ratio of 29.66 and a beta of 1.00. The business has a 50-day simple moving average of $57.38 and a 200-day simple moving average of $56.39.

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.