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

Amplify Travel Tech ETF (NYSEARCA:AWAY) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 7,876 shares, a decline of 44.3% from the June 15th total of 14,146 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 4,835 shares, the short-interest ratio is presently 1.6 days.

Institutional Trading of Amplify Travel Tech ETF

Several large investors have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC purchased a new position in Amplify Travel Tech ETF in the second quarter valued at about $279,000. Citadel Advisors LLC acquired a new stake in shares of Amplify Travel Tech ETF in the third quarter valued at about $204,000. Jane Street Group LLC purchased a new stake in shares of Amplify Travel Tech ETF during the 4th quarter valued at about $847,000. Finally, Parallel Advisors LLC raised its holdings in shares of Amplify Travel Tech ETF by 67.4% during the 1st quarter. Parallel Advisors LLC now owns 1,614 shares of the company’s stock valued at $26,000 after buying an additional 650 shares during the period.

Amplify Travel Tech ETF Stock Down 1.6%

Shares of Amplify Travel Tech ETF stock traded down $0.30 during trading hours on Friday, hitting $18.26. The company’s stock had a trading volume of 2,915 shares, compared to its average volume of 7,350. Amplify Travel Tech ETF has a 1-year low of $15.50 and a 1-year high of $23.24. The business has a fifty day moving average of $17.60 and a 200 day moving average of $17.84. The company has a market capitalization of $24.65 million, a PE ratio of 304.33 and a beta of 0.90.

About Amplify Travel Tech ETF

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.