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

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 642 shares, a drop of 41.8% from the August 31st total of 1,103 shares. Based on an average daily volume of 1,790 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Amplify BlueStar Israel Technology ETF stock. Royal Bank of Canada raised its holdings in shares of Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) by 94.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,193 shares of the company’s stock after acquiring an additional 578 shares during the quarter. Royal Bank of Canada owned approximately 0.07% of Amplify BlueStar Israel Technology ETF worth $69,000 as of its most recent filing with the SEC.

Amplify BlueStar Israel Technology ETF Price Performance

Shares of Amplify BlueStar Israel Technology ETF stock traded up $0.55 during trading on Wednesday, hitting $62.04. 1,833 shares of the stock were exchanged, compared to its average volume of 9,304. The firm’s 50-day moving average price is $62.99 and its 200 day moving average price is $63.28. The stock has a market cap of $108.57 million, a price-to-earnings ratio of 29.66 and a beta of 1.01. Amplify BlueStar Israel Technology ETF has a 12-month low of $52.16 and a 12-month high of $71.00.

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.