Amplify High Income ETF (NYSEARCA:YYY) Sees Large Drop in Short Interest

Amplify High Income ETF (NYSEARCA:YYY) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 222,094 shares, a decrease of 39.7% from the December 15th total of 368,361 shares. Based on an average trading volume of 392,907 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the company’s stock are sold short. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 392,907 shares, the short-interest ratio is currently 0.6 days.

Amplify High Income ETF Price Performance

Shares of Amplify High Income ETF stock opened at $11.73 on Friday. Amplify High Income ETF has a 1 year low of $9.87 and a 1 year high of $12.03. The firm’s 50-day moving average is $11.61 and its 200 day moving average is $11.71. The stock has a market cap of $688.55 million, a price-to-earnings ratio of 22.17 and a beta of 0.76.

Institutional Investors Weigh In On Amplify High Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in YYY. Golden State Wealth Management LLC increased its position in Amplify High Income ETF by 5.4% during the third quarter. Golden State Wealth Management LLC now owns 16,611 shares of the company’s stock valued at $196,000 after acquiring an additional 855 shares during the last quarter. Money Concepts Capital Corp grew its stake in shares of Amplify High Income ETF by 4.6% during the 3rd quarter. Money Concepts Capital Corp now owns 20,802 shares of the company’s stock valued at $246,000 after purchasing an additional 911 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Amplify High Income ETF by 2.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 36,923 shares of the company’s stock valued at $432,000 after purchasing an additional 929 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in shares of Amplify High Income ETF by 6.8% in the 2nd quarter. Arkadios Wealth Advisors now owns 15,606 shares of the company’s stock worth $183,000 after purchasing an additional 1,000 shares during the period. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Amplify High Income ETF by 3.1% in the second quarter. SBI Securities Co. Ltd. now owns 53,751 shares of the company’s stock worth $629,000 after buying an additional 1,626 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.