Amplify High Income ETF (NYSEARCA:YYY) Sees Unusually-High Trading Volume – Time to Buy?

Amplify High Income ETF (NYSEARCA:YYY) shares saw an uptick in trading volume on Thursday . 510,390 shares changed hands during trading, an increase of 57% from the previous session’s volume of 325,239 shares.The stock last traded at $11.6350 and had previously closed at $11.63.

Amplify High Income ETF Trading Up 0.4%

The business has a 50-day moving average price of $11.60 and a 200-day moving average price of $11.71. The stock has a market cap of $677.44 million, a PE ratio of 22.17 and a beta of 0.76.

Institutional Trading of Amplify High Income ETF

Institutional investors have recently modified their holdings of the stock. AlphaCore Capital LLC acquired a new stake in shares of Amplify High Income ETF in the second quarter worth approximately $25,000. Jones Financial Companies Lllp purchased a new position in Amplify High Income ETF in the 3rd quarter valued at $41,000. Winnow Wealth LLC purchased a new stake in shares of Amplify High Income ETF during the third quarter worth $49,000. Triumph Capital Management purchased a new stake in shares of Amplify High Income ETF during the third quarter worth $105,000. Finally, Samalin Investment Counsel LLC acquired a new stake in shares of Amplify High Income ETF in the third quarter valued at about $122,000.

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.