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

Amplify High Income ETF (NYSEARCA:YYY) was the recipient of a significant 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 sold short. Based on an average daily volume of 281,978 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Investors Weigh In On Amplify High Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC increased its position in shares of Amplify High Income ETF by 0.9% during the fourth 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 boosted its position in shares of Amplify High Income ETF by 2.9% in the 4th quarter. Ignite Planners LLC now owns 55,447 shares of the company’s stock valued at $646,000 after purchasing an additional 1,586 shares during the period. NewEdge Advisors LLC boosted its position in shares of Amplify High Income ETF by 3.2% in the 1st quarter. NewEdge Advisors LLC now owns 58,733 shares of the company’s stock valued at $670,000 after purchasing an additional 1,842 shares during the period. Brookstone Capital Management grew its stake in Amplify High Income ETF by 3.0% during the 4th quarter. Brookstone Capital Management now owns 67,957 shares of the company’s stock worth $782,000 after buying an additional 2,002 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in Amplify High Income ETF by 15.7% during the 4th quarter. Harbour Investments Inc. now owns 16,142 shares of the company’s stock worth $186,000 after buying an additional 2,192 shares during the last quarter.

Amplify High Income ETF Stock Performance

YYY stock traded down $0.08 during midday trading on Wednesday, reaching $11.28. 330,244 shares of the company were exchanged, 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’s 50-day simple moving average is $11.46 and its 200 day simple moving average is $11.49. The company has a market cap of $718.54 million, a price-to-earnings ratio of 22.17 and a beta of 0.71.

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.