Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Sees Large Growth in Short Interest

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 3,154 shares, an increase of 110.8% from the May 14th total of 1,496 shares. Based on an average trading volume of 5,499 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ITEQ. Northwestern Mutual Wealth Management Co. lifted its position in Amplify BlueStar Israel Technology ETF by 25,739.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 848,841 shares of the company’s stock valued at $49,272,000 after acquiring an additional 845,556 shares during the period. Jane Street Group LLC purchased a new position in Amplify BlueStar Israel Technology ETF during the 4th quarter valued at about $1,849,000. Flow Traders U.S. LLC purchased a new position in Amplify BlueStar Israel Technology ETF during the 3rd quarter valued at about $1,385,000. Ausdal Financial Partners Inc. purchased a new position in Amplify BlueStar Israel Technology ETF during the 3rd quarter valued at about $332,000. Finally, Family Management Corp purchased a new position in Amplify BlueStar Israel Technology ETF during the 3rd quarter valued at about $205,000.

Amplify BlueStar Israel Technology ETF Price Performance

NYSEARCA ITEQ traded up $0.30 during trading hours on Friday, reaching $66.89. 2,113 shares of the company’s stock traded hands, compared to its average volume of 13,697. Amplify BlueStar Israel Technology ETF has a 52-week low of $51.14 and a 52-week high of $71.00. The firm has a market cap of $120.40 million, a PE ratio of 29.66 and a beta of 1.00. The firm has a 50-day simple moving average of $63.45 and a 200 day simple moving average of $60.46.

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.