Amplify High Income ETF (NYSEARCA:YYY) Sees Significant Increase in Short Interest

Amplify High Income ETF (NYSEARCA:YYY) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 1,055,115 shares, a growth of 93.1% from the April 15th total of 546,341 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 296,112 shares, the short-interest ratio is presently 3.6 days.

Amplify High Income ETF Stock Performance

Shares of NYSEARCA:YYY traded down $0.13 during trading on Friday, reaching $11.45. 265,411 shares of the stock traded hands, compared to its average volume of 385,594. The stock has a 50-day moving average of $11.32 and a two-hundred day moving average of $11.55. Amplify High Income ETF has a 52-week low of $10.69 and a 52-week high of $11.93. The stock has a market cap of $705.89 million, a P/E ratio of 22.17 and a beta of 0.73.

Institutional Trading of Amplify High Income ETF

Several institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its stake in shares of Amplify High Income ETF by 3.2% in the first quarter. NewEdge Advisors LLC now owns 58,733 shares of the company’s stock worth $670,000 after purchasing an additional 1,842 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of Amplify High Income ETF by 48.8% during the second quarter. Raymond James Financial Inc. now owns 250,691 shares of the company’s stock valued at $2,936,000 after buying an additional 82,164 shares during the last quarter. Jane Street Group LLC bought a new stake in Amplify High Income ETF in the 2nd quarter worth about $396,000. LJI Wealth Management LLC increased its holdings in Amplify High Income ETF by 0.6% in the 3rd quarter. LJI Wealth Management LLC now owns 1,498,738 shares of the company’s stock worth $17,700,000 after buying an additional 8,892 shares in the last quarter. Finally, Intrua Financial LLC raised its position in Amplify High Income ETF by 3.8% in the 3rd quarter. Intrua Financial LLC now owns 377,974 shares of the company’s stock worth $4,464,000 after buying an additional 13,679 shares during the last quarter.

About Amplify High Income ETF

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.