Amplify BlackSwan ISWN ETF (ISWN)

As a hedge fund PM reviewing Q2 2026 regulatory disclosures, I noted that 7 funds maintain $35.9M in the Amplify BlackSwan ISWN ETF. With 1 new position opened and 3 increased, institutional sponsorship looks stable despite modest overall market cap hovering near $37.3M. The lack of heavy selling pressure provides a comfortable structural baseline.

Watching the 50-day moving average near $21.99 alongside recent price actions around $22.71, our risk management desk flags the low daily volume of roughly 1,930 shares. While short interest dropped 56.7% by July 31st to just 0.2% of the float, executing large block reallocations requires caution due to thin secondary market liquidity on NYSE Arca.

Looking at the fund's semi-annual report as of March 31, 2026, the expense ratio is held at 0.49% with net assets around $33.8M distributed across 13 holdings, notably featuring U.S. Treasury notes. The low portfolio turnover of 19% confirms a disciplined, passive management style aligned with the BlackSwan strategy framework.

From a quant perspective, our predictive AI models flagged an exceptional 12.3:1 risk-reward short setup targeting 3.3% downside versus 0.3% risk as of late July 2026. Because neutral sentiment is prevailing with prices oscillating inside a mid-channel band, technical traders can utilize the defined signals around the $22.36 and $23.23 thresholds to optimize position sizing.

On our trading desk, the sharp contraction in short interest—falling from 9,130 shares down to 3,951 shares in the latter half of July—signals that bearish sentiment is rapidly evaporating. With a days-to-cover ratio sitting at 2.0 days based on average volume, any unexpected macro catalyst could prompt swift positioning adjustments.