Short Interest in Amplify Travel Tech ETF (NYSEARCA:AWAY) Expands By 179.6%

Amplify Travel Tech ETF (NYSEARCA:AWAY) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 45,446 shares, a growth of 179.6% from the May 14th total of 16,252 shares. Currently, 3.0% of the shares of the company are sold short. Based on an average daily trading volume, of 10,506 shares, the days-to-cover ratio is currently 4.3 days.

Institutional Investors Weigh In On Amplify Travel Tech ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its stake in Amplify Travel Tech ETF by 67.4% in the 1st quarter. Parallel Advisors LLC now owns 1,614 shares of the company’s stock valued at $26,000 after acquiring an additional 650 shares during the period. Jane Street Group LLC bought a new stake in Amplify Travel Tech ETF in the 4th quarter valued at about $847,000. Flow Traders U.S. LLC raised its stake in Amplify Travel Tech ETF by 193.5% in the 3rd quarter. Flow Traders U.S. LLC now owns 38,099 shares of the company’s stock valued at $848,000 after acquiring an additional 25,120 shares during the period. Finally, Citadel Advisors LLC bought a new stake in Amplify Travel Tech ETF in the 3rd quarter valued at about $204,000.

Amplify Travel Tech ETF Trading Down 0.9%

Shares of NYSEARCA:AWAY traded down $0.15 during midday trading on Friday, reaching $17.11. The company had a trading volume of 1,858 shares, compared to its average volume of 7,883. The company’s 50 day moving average price is $17.10 and its 200 day moving average price is $18.30. The stock has a market cap of $25.67 million, a P/E ratio of 285.17 and a beta of 0.91. Amplify Travel Tech ETF has a 52-week low of $15.50 and a 52-week high of $23.24.

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.