Amplify High Income ETF (NYSEARCA:YYY) Short Interest Update

Amplify High Income ETF (NYSEARCA:YYY) was the recipient of a large increase in short interest during 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 short sold. Based on an average trading volume of 292,406 shares, the short-interest ratio is presently 1.7 days.

Institutional Investors Weigh In On Amplify High Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in YYY. Baird Financial Group Inc. bought a new position in shares of Amplify High Income ETF during the second quarter valued at approximately $123,000. NWF Advisory Services Inc. boosted its holdings in Amplify High Income ETF by 6.3% during the 2nd quarter. NWF Advisory Services Inc. now owns 714,145 shares of the company’s stock valued at $8,234,000 after acquiring an additional 42,200 shares during the period. Concurrent Investment Advisors LLC grew its position in Amplify High Income ETF by 12.5% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 16,438 shares of the company’s stock valued at $190,000 after acquiring an additional 1,824 shares during the last quarter. First PREMIER Bank purchased a new stake in Amplify High Income ETF in the second quarter worth $327,000. Finally, Wedbush Securities Inc. lifted its position in shares of Amplify High Income ETF by 37.5% during the second quarter. Wedbush Securities Inc. now owns 325,327 shares of the company’s stock worth $8,732,000 after purchasing an additional 88,794 shares during the last quarter.

Amplify High Income ETF Stock Performance

YYY stock traded down $0.03 during midday trading on Wednesday, reaching $10.75. 445,687 shares of the company traded hands, compared to its average volume of 383,236. The firm has a market capitalization of $691.76 million, a price-to-earnings ratio of 22.17 and a beta of 0.72. Amplify High Income ETF has a 52-week low of $10.69 and a 52-week high of $11.93. The business has a 50 day moving average of $11.33 and a 200-day moving average of $11.37.

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.