Short Interest in Amplify Travel Tech ETF (NYSEARCA:AWAY) Increases By 970.7%

Amplify Travel Tech ETF (NYSEARCA:AWAY) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 83,255 shares, a growth of 970.7% from the July 30th total of 7,776 shares. Based on an average trading volume of 66,048 shares, the days-to-cover ratio is currently 1.3 days. Approximately 6.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Amplify Travel Tech ETF

Large investors have recently bought and sold shares of the business. Parallel Advisors LLC raised its stake in Amplify Travel Tech ETF by 67.4% in the first quarter. Parallel Advisors LLC now owns 1,614 shares of the company’s stock valued at $26,000 after buying an additional 650 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Amplify Travel Tech ETF during the 3rd quarter worth about $204,000. Flow Traders U.S. LLC acquired a new position in shares of Amplify Travel Tech ETF during the 2nd quarter worth about $279,000. Finally, Jane Street Group LLC purchased a new position in shares of Amplify Travel Tech ETF in the 4th quarter valued at about $847,000.

Amplify Travel Tech ETF Price Performance

Shares of NYSEARCA:AWAY remained flat at $20.25 during trading hours on Tuesday. 7,647 shares of the company’s stock were exchanged, compared to its average volume of 10,752. Amplify Travel Tech ETF has a 52 week low of $15.50 and a 52 week high of $23.24. The business’s 50-day moving average is $18.92 and its 200 day moving average is $17.69. The stock has a market cap of $27.34 million, a PE ratio of 337.50 and a beta of 0.90.

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.