Amplify Travel Tech ETF (NYSEARCA:AWAY) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Amplify Travel Tech ETF (NYSEARCA:AWAY)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $21.00 and traded as high as $22.32. Amplify Travel Tech ETF shares last traded at $22.28, with a volume of 21,936 shares traded.

Amplify Travel Tech ETF Stock Performance

The company has a market cap of $94.83 million, a price-to-earnings ratio of 54.50 and a beta of 1.27. The firm’s 50-day moving average price is $21.10 and its 200 day moving average price is $19.93.

Institutional Investors Weigh In On Amplify Travel Tech ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in AWAY. Jane Street Group LLC increased its stake in shares of Amplify Travel Tech ETF by 272.0% during the 3rd quarter. Jane Street Group LLC now owns 91,656 shares of the company’s stock worth $1,865,000 after purchasing an additional 67,020 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in Amplify Travel Tech ETF during the second quarter worth about $132,000. Finally, Cetera Advisors LLC acquired a new position in Amplify Travel Tech ETF during the first quarter worth approximately $275,000.

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.