Short Interest in Amplify Travel Tech ETF (NYSEARCA:AWAY) Declines By 83.5%

Amplify Travel Tech ETF (NYSEARCA:AWAY) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 13,711 shares, a drop of 83.5% from the August 15th total of 83,255 shares. Based on an average daily volume of 7,927 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.0% of the company’s shares are sold short.

Amplify Travel Tech ETF Stock Performance

Shares of Amplify Travel Tech ETF stock traded up $0.08 on Friday, hitting $17.76. The stock had a trading volume of 3,474 shares, compared to its average volume of 18,698. The stock has a 50 day moving average of $19.18 and a 200 day moving average of $17.80. The firm has a market capitalization of $23.98 million, a P/E ratio of 296.10 and a beta of 0.90. Amplify Travel Tech ETF has a twelve month low of $15.50 and a twelve month high of $23.24.

Institutional Trading of Amplify Travel Tech ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its position in Amplify Travel Tech ETF by 67.4% during the first quarter. Parallel Advisors LLC now owns 1,614 shares of the company’s stock valued at $26,000 after acquiring an additional 650 shares during the last quarter. Citadel Advisors LLC acquired a new stake in Amplify Travel Tech ETF during the third quarter worth approximately $204,000. Flow Traders U.S. LLC bought a new stake in Amplify Travel Tech ETF in the second quarter worth approximately $279,000. Finally, Jane Street Group LLC bought a new stake in Amplify Travel Tech ETF in the fourth quarter worth approximately $847,000.

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.