Amplify High Income ETF (NYSEARCA:YYY) Short Interest Down 50.1% in August

Amplify High Income ETF (NYSEARCA:YYY) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 301,401 shares, a drop of 50.1% from the July 30th total of 603,651 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 298,633 shares, the short-interest ratio is presently 1.0 days.

Amplify High Income ETF Stock Down 1.4%

Shares of YYY traded down $0.16 during midday trading on Friday, hitting $11.26. The company had a trading volume of 276,734 shares, compared to its average volume of 377,147. The stock has a market cap of $724.58 million, a price-to-earnings ratio of 22.17 and a beta of 0.72. The company’s 50 day moving average price is $11.44 and its 200 day moving average price is $11.44. Amplify High Income ETF has a 52 week low of $10.69 and a 52 week high of $11.93.

Institutional Trading of Amplify High Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. VectorGlobal IAG Inc. bought a new position in Amplify High Income ETF during the first quarter worth $631,000. PFG Investments LLC raised its holdings in shares of Amplify High Income ETF by 491.1% during the first quarter. PFG Investments LLC now owns 65,527 shares of the company’s stock worth $723,000 after purchasing an additional 54,442 shares during the period. World Investment Advisors raised its holdings in shares of 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 purchasing an additional 80,942 shares during the period. LJI Wealth Management LLC lifted its position in shares of Amplify High Income ETF by 14.1% in the 4th quarter. LJI Wealth Management LLC now owns 1,710,583 shares of the company’s stock worth $19,689,000 after buying an additional 211,845 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its position in shares of Amplify High Income ETF by 37.5% in the 2nd quarter. Wedbush Securities Inc. now owns 325,327 shares of the company’s stock worth $8,732,000 after buying an additional 88,794 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.