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

Amplify High Income ETF (NYSEARCA:YYY) saw a large increase in short interest in the month of 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. Currently, 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 292,406 shares, the short-interest ratio is currently 1.7 days.

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 company. HighTower Advisors LLC boosted its position in shares of Amplify High Income ETF by 0.9% in the 4th quarter. HighTower Advisors LLC now owns 123,596 shares of the company’s stock worth $1,423,000 after purchasing an additional 1,052 shares in the last quarter. Ignite Planners LLC raised its stake in Amplify High Income ETF by 2.9% in the fourth quarter. Ignite Planners LLC now owns 55,447 shares of the company’s stock valued at $646,000 after buying an additional 1,586 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in 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 acquiring an additional 1,824 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of Amplify High Income ETF by 15.7% during the fourth quarter. Harbour Investments Inc. now owns 16,142 shares of the company’s stock worth $186,000 after acquiring an additional 2,192 shares during the last quarter. Finally, Independent Wealth Network Inc. increased its holdings in shares of Amplify High Income ETF by 1.8% during the first quarter. Independent Wealth Network Inc. now owns 182,217 shares of the company’s stock valued at $2,010,000 after acquiring an additional 3,272 shares in the last quarter.

Amplify High Income ETF Price Performance

Shares of NYSEARCA:YYY traded down $0.03 during trading on Wednesday, reaching $10.75. 445,687 shares of the company were exchanged, compared to its average volume of 383,236. The business’s fifty day simple moving average is $11.33 and its 200-day simple moving average is $11.37. Amplify High Income ETF has a 12-month low of $10.69 and a 12-month high of $11.93. The firm has a market capitalization of $691.76 million, a PE ratio of 22.17 and a beta of 0.72.

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.