Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Short Interest Down 82.2% in May

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,496 shares, a drop of 82.2% from the April 30th total of 8,381 shares. Based on an average trading volume of 6,611 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Amplify BlueStar Israel Technology ETF Stock Performance

Shares of Amplify BlueStar Israel Technology ETF stock opened at $67.07 on Thursday. Amplify BlueStar Israel Technology ETF has a 52 week low of $51.14 and a 52 week high of $68.27. The stock has a 50 day moving average price of $61.63 and a two-hundred day moving average price of $59.58. The stock has a market capitalization of $120.73 million, a PE ratio of 29.66 and a beta of 0.98.

Institutional Investors Weigh In On Amplify BlueStar Israel Technology ETF

Hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in Amplify BlueStar Israel Technology ETF by 25,739.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 848,841 shares of the company’s stock valued at $49,272,000 after acquiring an additional 845,556 shares during the period. RVW Wealth LLC grew its stake in Amplify BlueStar Israel Technology ETF by 5.7% in the fourth quarter. RVW Wealth LLC now owns 4,418 shares of the company’s stock valued at $256,000 after acquiring an additional 240 shares during the period. Jane Street Group LLC acquired a new stake in Amplify BlueStar Israel Technology ETF in the fourth quarter valued at approximately $1,849,000. LPL Financial LLC grew its stake in Amplify BlueStar Israel Technology ETF by 1.4% in the fourth quarter. LPL Financial LLC now owns 123,754 shares of the company’s stock valued at $7,183,000 after acquiring an additional 1,697 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in Amplify BlueStar Israel Technology ETF in the third quarter valued at approximately $1,385,000.

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.