Amplify Travel Tech ETF (NYSEARCA:AWAY) Stock Falls 3.5% – Time to Sell?

Amplify Travel Tech ETF (NYSEARCA:AWAY)’s share price fell 3.5% during trading on Thursday. The company traded as low as $17.49 and last traded at $17.55. Approximately 9,028 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 16,370 shares. The stock had previously closed at $18.19.

Amplify Travel Tech ETF Trading Down 3.5%

The business’s 50-day moving average is $17.49 and its two-hundred day moving average is $17.78. The firm has a market cap of $23.69 million, a P/E ratio of 292.50 and a beta of 1.02.

Institutional Trading of Amplify Travel Tech ETF

A hedge fund recently raised its position in Amplify Travel Tech ETF stock. Parallel Advisors LLC increased its position in shares of Amplify Travel Tech ETF (NYSEARCA:AWAY) by 67.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,614 shares of the company’s stock after acquiring an additional 650 shares during the period. Parallel Advisors LLC owned approximately 0.11% of Amplify Travel Tech ETF worth $26,000 at the end of the most recent quarter.

About Amplify Travel Tech ETF

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.