Short Interest in Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Drops By 51.2%

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,540 shares, a decline of 51.2% from the May 31st total of 3,154 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 5,011 shares, the days-to-cover ratio is currently 0.3 days.

Amplify BlueStar Israel Technology ETF Stock Up 1.8%

ITEQ traded up $1.14 during trading hours on Tuesday, hitting $66.25. The stock had a trading volume of 4,457 shares, compared to its average volume of 12,867. The company’s fifty day simple moving average is $64.54 and its 200 day simple moving average is $61.17. Amplify BlueStar Israel Technology ETF has a 1 year low of $51.14 and a 1 year high of $71.00. The stock has a market cap of $119.25 million, a PE ratio of 29.66 and a beta of 1.00.

Institutional Trading of Amplify BlueStar Israel Technology ETF

Several hedge funds and other institutional investors have recently modified their holdings of ITEQ. Kestra Advisory Services LLC bought a new stake in Amplify BlueStar Israel Technology ETF during the 4th quarter valued at $33,000. Royal Bank of Canada grew its position in shares of Amplify BlueStar Israel Technology ETF by 94.0% in the first quarter. Royal Bank of Canada now owns 1,193 shares of the company’s stock valued at $69,000 after purchasing an additional 578 shares in the last quarter. IFP Advisors Inc grew its position in shares of Amplify BlueStar Israel Technology ETF by 35.0% in the fourth quarter. IFP Advisors Inc now owns 1,773 shares of the company’s stock valued at $103,000 after purchasing an additional 460 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Amplify BlueStar Israel Technology ETF during the 2nd quarter valued at $133,000. Finally, Family Management Corp purchased a new stake in Amplify BlueStar Israel Technology ETF during the 3rd quarter worth 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.