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

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

Amplify BlueStar Israel Technology ETF Stock Performance

Shares of ITEQ stock traded down $1.46 during trading on Friday, hitting $63.16. The company had a trading volume of 5,235 shares, compared to its average volume of 10,298. The firm has a market capitalization of $113.69 million, a P/E ratio of 29.66 and a beta of 1.01. Amplify BlueStar Israel Technology ETF has a one year low of $52.16 and a one year high of $71.00. The stock’s 50-day moving average price is $64.66 and its 200 day moving average price is $62.62.

Institutional Investors Weigh In On Amplify BlueStar Israel Technology ETF

A number of hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC acquired a new position in shares of Amplify BlueStar Israel Technology ETF during the fourth quarter worth $33,000. Royal Bank of Canada grew 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 acquiring an additional 578 shares during the last quarter. IFP Advisors Inc grew its position in Amplify BlueStar Israel Technology ETF by 35.0% during the 4th quarter. IFP Advisors Inc now owns 1,773 shares of the company’s stock worth $103,000 after acquiring an additional 460 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Amplify BlueStar Israel Technology ETF in the 2nd quarter worth about $133,000. Finally, Family Management Corp bought a new position in Amplify BlueStar Israel Technology ETF in the third quarter valued at about $205,000.

Amplify BlueStar Israel Technology ETF Company Profile

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.