Amplify Travel Tech ETF (NYSEARCA:AWAY – Get Free Report) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 83,255 shares, an increase of 970.7% from the July 30th total of 7,776 shares. Approximately 6.2% of the company’s stock are sold short. Based on an average daily trading volume, of 66,048 shares, the days-to-cover ratio is currently 1.3 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of AWAY. Parallel Advisors LLC increased its holdings in Amplify Travel Tech ETF by 67.4% during the 1st quarter. Parallel Advisors LLC now owns 1,614 shares of the company’s stock worth $26,000 after purchasing an additional 650 shares during the period. Jane Street Group LLC purchased a new position in shares of Amplify Travel Tech ETF in the 4th quarter valued at about $847,000. Flow Traders U.S. LLC boosted its stake in shares of Amplify Travel Tech ETF by 193.5% in the 3rd quarter. Flow Traders U.S. LLC now owns 38,099 shares of the company’s stock valued at $848,000 after buying an additional 25,120 shares during the period. Finally, Citadel Advisors LLC acquired a new position in shares of Amplify Travel Tech ETF during the third quarter worth about $204,000.
Amplify Travel Tech ETF Price Performance
AWAY stock remained flat at $20.25 during midday trading on Tuesday. 7,647 shares of the company’s stock traded hands, compared to its average volume of 10,752. The firm has a 50-day moving average of $18.92 and a 200-day moving average of $17.69. The company has a market cap of $27.34 million, a price-to-earnings ratio of 337.50 and a beta of 0.90. Amplify Travel Tech ETF has a 52 week low of $15.50 and a 52 week high of $23.24.
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.
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