Short Interest in Amplify High Income ETF (NYSEARCA:YYY) Rises By 98.9%

Amplify High Income ETF (NYSEARCA:YYY) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 658,626 shares, an increase of 98.9% from the June 30th total of 331,136 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average trading volume of 281,978 shares, the short-interest ratio is presently 2.3 days.

Amplify High Income ETF Trading Down 0.7%

YYY stock traded down $0.08 on Wednesday, hitting $11.28. The company’s stock had a trading volume of 330,244 shares, compared to its average volume of 391,568. Amplify High Income ETF has a 1 year low of $10.69 and a 1 year high of $11.93. The stock has a market cap of $718.54 million, a price-to-earnings ratio of 22.17 and a beta of 0.71. The firm has a 50 day moving average of $11.46 and a two-hundred day moving average of $11.49.

Hedge Funds Weigh In On Amplify High Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Allied Private Wealth LLC acquired a new position in Amplify High Income ETF in the 2nd quarter valued at about $450,000. First Heartland Consultants Inc. lifted its position in Amplify High Income ETF by 9.9% during the 2nd quarter. First Heartland Consultants Inc. now owns 74,788 shares of the company’s stock worth $862,000 after acquiring an additional 6,725 shares during the period. VectorGlobal IAG Inc. acquired a new stake in Amplify High Income ETF during the 1st quarter worth approximately $631,000. Western Wealth Management LLC acquired a new position in shares of Amplify High Income ETF in the first quarter valued at approximately $66,000. Finally, Centaurus Financial Inc. increased its holdings in shares of Amplify High Income ETF by 145.1% in the first quarter. Centaurus Financial Inc. now owns 41,805 shares of the company’s stock valued at $461,000 after purchasing an additional 24,750 shares during the period.

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.