Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Short Interest Up 293.5% in July

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 3,345 shares, a growth of 293.5% from the June 30th total of 850 shares. Based on an average daily volume of 2,848 shares, the short-interest ratio is currently 1.2 days. Approximately 0.2% of the shares of the stock are short sold.

Amplify BlueStar Israel Technology ETF Trading Up 0.5%

Shares of Amplify BlueStar Israel Technology ETF stock traded up $0.34 during midday trading on Monday, reaching $63.93. The company had a trading volume of 972 shares, compared to its average volume of 11,553. The company has a market capitalization of $115.07 million, a price-to-earnings ratio of 29.66 and a beta of 1.00. The stock has a fifty day simple moving average of $65.78 and a 200 day simple moving average of $62.15. Amplify BlueStar Israel Technology ETF has a 1-year low of $51.14 and a 1-year high of $71.00.

Institutional Investors Weigh In On Amplify BlueStar Israel Technology ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new position in shares of Amplify BlueStar Israel Technology ETF during the fourth quarter valued at $33,000. Royal Bank of Canada increased its position in Amplify BlueStar Israel Technology ETF by 94.0% in the first quarter. Royal Bank of Canada now owns 1,193 shares of the company’s stock worth $69,000 after purchasing an additional 578 shares during the period. IFP Advisors Inc increased its position in Amplify BlueStar Israel Technology ETF by 35.0% in the fourth quarter. IFP Advisors Inc now owns 1,773 shares of the company’s stock worth $103,000 after purchasing an additional 460 shares during the period. Raymond James Financial Inc. bought a new stake in Amplify BlueStar Israel Technology ETF during the 2nd quarter worth about $133,000. Finally, Family Management Corp acquired a new position in Amplify BlueStar Israel Technology ETF during the 3rd quarter valued at about $205,000.

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.