Short Interest in Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Decreases By 61.5%

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 564 shares, a decrease of 61.5% from the July 30th total of 1,464 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,919 shares, the days-to-cover ratio is currently 0.2 days.

Amplify BlueStar Israel Technology ETF Trading Down 2.3%

Shares of NYSEARCA:ITEQ traded down $1.50 during midday trading on Friday, hitting $63.12. The stock had a trading volume of 4,528 shares, compared to its average volume of 10,286. The company has a market capitalization of $113.62 million, a PE ratio of 29.66 and a beta of 1.01. The stock has a 50 day moving average price of $64.71 and a two-hundred day moving average price of $62.61. Amplify BlueStar Israel Technology ETF has a 1 year low of $52.16 and a 1 year high of $71.00.

Institutional Investors Weigh In On Amplify BlueStar Israel Technology ETF

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its position in Amplify BlueStar Israel Technology ETF by 94.0% during the 1st 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. Kestra Advisory Services LLC purchased a new stake in shares of Amplify BlueStar Israel Technology ETF in the fourth quarter valued at approximately $33,000. Jane Street Group LLC acquired a new position in Amplify BlueStar Israel Technology ETF during the fourth quarter worth $1,849,000. LPL Financial LLC grew its holdings in Amplify BlueStar Israel Technology ETF by 1.4% during the fourth quarter. LPL Financial LLC now owns 123,754 shares of the company’s stock worth $7,183,000 after acquiring an additional 1,697 shares during the period. Finally, IFP Advisors Inc raised 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 acquiring an additional 460 shares in the last quarter.

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.