Amplify Travel Tech ETF (NYSEARCA:AWAY) Short Interest Up 179.6% in May
by Sarita Garza · The Markets DailyAmplify Travel Tech ETF (NYSEARCA:AWAY – Get Free Report) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 45,446 shares, a growth of 179.6% from the May 14th total of 16,252 shares. Approximately 3.0% of the company’s stock are short sold. Based on an average daily volume of 10,506 shares, the short-interest ratio is currently 4.3 days.
Amplify Travel Tech ETF Stock Up 0.5%
Shares of AWAY traded up $0.08 during mid-day trading on Friday, reaching $17.34. The company’s stock had a trading volume of 4,542 shares, compared to its average volume of 7,908. The business has a fifty day moving average of $17.12 and a 200 day moving average of $18.30. The company has a market cap of $26.01 million, a price-to-earnings ratio of 289.00 and a beta of 0.91. Amplify Travel Tech ETF has a 1 year low of $15.50 and a 1 year high of $23.24.
Institutional Investors Weigh In On Amplify Travel Tech ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its holdings in shares of Amplify Travel Tech ETF by 67.4% during the first quarter. Parallel Advisors LLC now owns 1,614 shares of the company’s stock worth $26,000 after acquiring an additional 650 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Amplify Travel Tech ETF during the 3rd quarter worth about $204,000. Flow Traders U.S. LLC acquired a new position in shares of Amplify Travel Tech ETF during the 2nd quarter worth about $279,000. Finally, Jane Street Group LLC acquired a new position in shares of Amplify Travel Tech ETF during the 4th quarter worth about $847,000.
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.