Amplify Travel Tech ETF (NYSEARCA:AWAY) Stock Price Down 3.5% – Time to Sell?

Amplify Travel Tech ETF (NYSEARCA:AWAY)’s stock price dropped 3.5% during trading on Thursday. The company traded as low as $17.49 and last traded at $17.55. 9,028 shares were traded during trading, a decline of 45% from the average daily volume of 16,370 shares. The stock had previously closed at $18.19.

Amplify Travel Tech ETF Stock Performance

The firm has a market capitalization of $23.48 million, a P/E ratio of 289.83 and a beta of 1.02. The firm has a 50 day moving average price of $17.44 and a two-hundred day moving average price of $17.77.

Institutional Investors Weigh In On Amplify Travel Tech ETF

A hedge fund recently raised its position in Amplify Travel Tech ETF stock. Parallel Advisors LLC boosted its stake in Amplify Travel Tech ETF (NYSEARCA:AWAY) by 67.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,614 shares of the company’s stock after buying an additional 650 shares during the quarter. Parallel Advisors LLC owned approximately 0.11% of Amplify Travel Tech ETF worth $26,000 at the end of the most recent quarter.

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.