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

Amplify High Income ETF (NYSEARCA:YYY) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 658,626 shares, a growth of 98.9% from the June 30th total of 331,136 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 281,978 shares, the days-to-cover ratio is currently 2.3 days.

Amplify High Income ETF Trading Up 0.2%

Amplify High Income ETF stock traded up $0.02 during midday trading on Friday, reaching $11.27. The stock had a trading volume of 222,309 shares, compared to its average volume of 389,432. Amplify High Income ETF has a 12 month low of $10.69 and a 12 month high of $11.93. The company has a market capitalization of $722.97 million, a P/E ratio of 22.17 and a beta of 0.71. The company has a fifty day moving average price of $11.45 and a two-hundred day moving average price of $11.48.

Institutional Investors Weigh In On Amplify High Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of YYY. PFG Investments LLC grew its position in Amplify High Income ETF by 491.1% in the 1st quarter. PFG Investments LLC now owns 65,527 shares of the company’s stock valued at $723,000 after purchasing an additional 54,442 shares during the period. World Investment Advisors raised its holdings in Amplify High Income ETF by 107.8% during the fourth quarter. World Investment Advisors now owns 156,056 shares of the company’s stock worth $1,796,000 after buying an additional 80,942 shares during the last quarter. LJI Wealth Management LLC lifted its stake in shares of Amplify High Income ETF by 14.1% in the fourth quarter. LJI Wealth Management LLC now owns 1,710,583 shares of the company’s stock valued at $19,689,000 after buying an additional 211,845 shares in the last quarter. NewEdge Advisors LLC lifted 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 valued at $670,000 after buying an additional 1,842 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Amplify High Income ETF during the fourth quarter valued at about $881,000.

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.