Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Sees Significant Drop in Short Interest

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,464 shares, a decline of 56.2% from the July 15th total of 3,345 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 3,249 shares, the short-interest ratio is presently 0.5 days.

Amplify BlueStar Israel Technology ETF Price Performance

NYSEARCA ITEQ traded down $0.47 on Friday, reaching $66.20. The company had a trading volume of 2,946 shares, compared to its average volume of 10,831. The firm has a market cap of $119.16 million, a price-to-earnings ratio of 29.66 and a beta of 1.01. The business has a 50 day moving average of $65.11 and a two-hundred day moving average of $62.43. Amplify BlueStar Israel Technology ETF has a fifty-two week low of $52.16 and a fifty-two week high of $71.00.

Institutional Investors Weigh In On Amplify BlueStar Israel Technology ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its stake in Amplify BlueStar Israel Technology ETF by 25,739.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 848,841 shares of the company’s stock worth $49,272,000 after buying an additional 845,556 shares during the period. LPL Financial LLC increased its position in shares of Amplify BlueStar Israel Technology ETF by 1.4% during the 4th quarter. LPL Financial LLC now owns 123,754 shares of the company’s stock valued at $7,183,000 after purchasing an additional 1,697 shares during the last quarter. Jane Street Group LLC bought a new stake in Amplify BlueStar Israel Technology ETF in the fourth quarter worth about $1,849,000. Flow Traders U.S. LLC purchased a new position in Amplify BlueStar Israel Technology ETF in the third quarter valued at approximately $1,385,000. Finally, Ausdal Financial Partners Inc. bought a new position in shares of Amplify BlueStar Israel Technology ETF during the 3rd quarter worth $332,000.

Amplify BlueStar Israel Technology ETF Company Profile

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.