Short Interest in Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Grows By 95.6%

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQGet Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,103 shares, an increase of 95.6% from the August 15th total of 564 shares. Based on an average daily trading volume, of 2,038 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Amplify BlueStar Israel Technology ETF

Several hedge funds have recently modified their holdings of ITEQ. Royal Bank of Canada boosted its stake in Amplify BlueStar Israel Technology ETF by 94.0% in the 1st quarter. Royal Bank of Canada now owns 1,193 shares of the company’s stock worth $69,000 after purchasing an additional 578 shares in the last quarter. IFP Advisors Inc increased its stake in Amplify BlueStar Israel Technology ETF by 35.0% during the 4th 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. Finally, Northwestern Mutual Wealth Management Co. increased its stake 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 purchasing an additional 845,556 shares in the last quarter.

Amplify BlueStar Israel Technology ETF Stock Performance

NYSEARCA:ITEQ traded up $0.18 during mid-day trading on Wednesday, hitting $61.32. 1,917 shares of the company’s stock traded hands, compared to its average volume of 9,716. The company has a fifty day moving average of $63.75 and a 200 day moving average of $63.00. Amplify BlueStar Israel Technology ETF has a twelve month low of $52.16 and a twelve month high of $71.00. The company has a market capitalization of $65.00 million, a P/E ratio of 29.66 and a beta of 1.01.

Amplify BlueStar Israel Technology ETF Company Profile

(Get Free Report)

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.

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