Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) Short Interest Down 82.2% in May

Amplify BlueStar Israel Technology ETF (NYSEARCA:ITEQ) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,496 shares, a drop of 82.2% from the April 30th total of 8,381 shares. Based on an average trading volume of 6,611 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Amplify BlueStar Israel Technology ETF

A number of hedge funds have recently added to or reduced their stakes in ITEQ. Northwestern Mutual Wealth Management Co. increased its holdings in Amplify BlueStar Israel Technology ETF by 25,739.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 848,841 shares of the company’s stock worth $49,272,000 after purchasing an additional 845,556 shares in the last quarter. Jane Street Group LLC bought a new stake in Amplify BlueStar Israel Technology ETF in the fourth quarter worth approximately $1,849,000. Flow Traders U.S. LLC bought a new stake in Amplify BlueStar Israel Technology ETF in the third quarter worth approximately $1,385,000. Ausdal Financial Partners Inc. bought a new stake in Amplify BlueStar Israel Technology ETF in the third quarter worth approximately $332,000. Finally, Family Management Corp bought a new stake in Amplify BlueStar Israel Technology ETF in the third quarter worth approximately $205,000.

Amplify BlueStar Israel Technology ETF Price Performance

Shares of ITEQ opened at $67.07 on Thursday. Amplify BlueStar Israel Technology ETF has a 1 year low of $51.14 and a 1 year high of $68.27. The company has a market capitalization of $120.73 million, a price-to-earnings ratio of 29.66 and a beta of 0.98. The business has a 50-day moving average of $61.63 and a 200-day moving average of $59.58.

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.