Short Interest in Amplify High Income ETF (NYSEARCA:YYY) Increases By 69.7%

Amplify High Income ETF (NYSEARCA:YYY) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 511,617 shares, an increase of 69.7% from the August 15th total of 301,401 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average trading volume of 292,406 shares, the short-interest ratio is currently 1.7 days.

Amplify High Income ETF Stock Performance

Shares of NYSEARCA YYY traded down $0.07 during midday trading on Friday, hitting $10.77. 154,841 shares of the stock traded hands, compared to its average volume of 381,355. Amplify High Income ETF has a one year low of $10.69 and a one year high of $11.93. The business has a 50 day moving average price of $11.31 and a two-hundred day moving average price of $11.36. The company has a market cap of $692.73 million, a PE ratio of 22.17 and a beta of 0.72.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in YYY. Baird Financial Group Inc. bought a new position in Amplify High Income ETF in the 2nd quarter valued at about $123,000. NWF Advisory Services Inc. increased its holdings in Amplify High Income ETF by 6.3% during the 2nd quarter. NWF Advisory Services Inc. now owns 714,145 shares of the company’s stock worth $8,234,000 after purchasing an additional 42,200 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Amplify High Income ETF by 12.5% in the second quarter. Concurrent Investment Advisors LLC now owns 16,438 shares of the company’s stock worth $190,000 after purchasing an additional 1,824 shares during the last quarter. First PREMIER Bank purchased a new stake in shares of Amplify High Income ETF in the second quarter worth approximately $327,000. Finally, Wedbush Securities Inc. lifted its holdings in shares of Amplify High Income ETF by 37.5% in the second quarter. Wedbush Securities Inc. now owns 325,327 shares of the company’s stock valued at $8,732,000 after purchasing an additional 88,794 shares in the last quarter.

Amplify High Income ETF Company Profile

The Amplify High Income ETF (YYY) is an exchange-traded fund that is based on the ISE High Income index. The fund tracks an index of US-listed closed-end funds, weighted by yield, discount to NAV, and trading volume. There are no restrictions on the assets or strategies of the underlying funds. YYY was launched on Jun 12, 2013 and is managed by Amplify.