Amplify Travel Tech ETF (NYSEARCA:AWAY) Sees Significant Growth in Short Interest

Amplify Travel Tech ETF (NYSEARCA:AWAY) saw a large growth in short interest in 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 daily volume of 66,048 shares, the short-interest ratio is currently 1.3 days. Approximately 6.2% of the company’s stock are short sold.

Amplify Travel Tech ETF Price Performance

Shares of AWAY stock traded down $0.16 on Wednesday, hitting $20.09. The company’s stock had a trading volume of 3,087 shares, compared to its average volume of 10,705. The stock has a market capitalization of $27.12 million, a price-to-earnings ratio of 334.83 and a beta of 0.90. Amplify Travel Tech ETF has a fifty-two week low of $15.50 and a fifty-two week high of $23.24. The firm’s fifty day moving average price is $18.92 and its 200-day moving average price is $17.69.

Hedge Funds Weigh In On Amplify Travel Tech ETF

A number of institutional investors have recently modified their holdings of AWAY. Parallel Advisors LLC boosted its position in shares of Amplify Travel Tech ETF by 67.4% during the first quarter. Parallel Advisors LLC now owns 1,614 shares of the company’s stock worth $26,000 after purchasing an additional 650 shares in the last quarter. Citadel Advisors LLC bought a new position in Amplify Travel Tech ETF during the third quarter worth $204,000. Flow Traders U.S. LLC acquired a new position in shares of Amplify Travel Tech ETF in the second quarter valued at approximately $279,000. Finally, Jane Street Group LLC bought a new stake in Amplify Travel Tech ETF in the 4th quarter valued at about $847,000.

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.