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

Amplify Travel Tech ETF (NYSEARCA:AWAY) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 14,751 shares, a decline of 45.4% from the September 15th total of 27,037 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily volume of 7,756 shares, the short-interest ratio is currently 1.9 days.

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 its most recent filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Amplify Travel Tech ETF Stock Performance

Shares of Amplify Travel Tech ETF stock traded up $0.38 on Thursday, hitting $17.09. The company had a trading volume of 5,155 shares, compared to its average volume of 17,131. Amplify Travel Tech ETF has a 1 year low of $15.50 and a 1 year high of $22.00. The stock has a 50 day moving average of $18.41 and a 200-day moving average of $17.89. The stock has a market capitalization of $23.07 million, a price-to-earnings ratio of 284.83 and a beta of 0.97.

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.