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

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 642 shares, a decline of 41.8% from the August 31st total of 1,103 shares. Based on an average daily volume of 1,790 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Amplify BlueStar Israel Technology ETF

A hedge fund recently raised its position in Amplify BlueStar Israel Technology ETF stock. Royal Bank of Canada increased its position in Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) by 94.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,193 shares of the company’s stock after purchasing an additional 578 shares during the quarter. Royal Bank of Canada owned approximately 0.07% of Amplify BlueStar Israel Technology ETF worth $69,000 as of its most recent SEC filing.

Amplify BlueStar Israel Technology ETF Stock Performance

ITEQ traded up $0.45 during mid-day trading on Thursday, reaching $62.49. The stock had a trading volume of 253 shares, compared to its average volume of 9,256. The stock has a market capitalization of $109.36 million, a P/E ratio of 29.66 and a beta of 1.01. The firm’s fifty day simple moving average is $62.96 and its two-hundred day simple moving average is $63.31. Amplify BlueStar Israel Technology ETF has a 52 week low of $52.16 and a 52 week high of $71.00.

About Amplify BlueStar Israel Technology ETF

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.