Short Interest in Amplify High Income ETF (NYSEARCA:YYY) Expands By 34.5%

Amplify High Income ETF (NYSEARCA:YYY) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 298,656 shares, an increase of 34.5% from the December 31st total of 222,094 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 341,129 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 341,129 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC grew its position in 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 buying an additional 1,842 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Amplify High Income ETF by 2.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 36,923 shares of the company’s stock worth $432,000 after acquiring an additional 929 shares during the period. Ignite Planners LLC boosted its holdings in shares of Amplify High Income ETF by 14.0% in the second quarter. Ignite Planners LLC now owns 45,803 shares of the company’s stock valued at $536,000 after acquiring an additional 5,628 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of Amplify High Income ETF by 20.7% in the second quarter. Concurrent Investment Advisors LLC now owns 22,501 shares of the company’s stock valued at $263,000 after acquiring an additional 3,858 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Amplify High Income ETF by 1.5% during the second quarter. International Assets Investment Management LLC now owns 312,932 shares of the company’s stock worth $3,664,000 after acquiring an additional 4,590 shares during the period.

Amplify High Income ETF Price Performance

Shares of NYSEARCA:YYY traded down $0.04 on Tuesday, reaching $11.64. The company’s stock had a trading volume of 154,072 shares, compared to its average volume of 352,526. Amplify High Income ETF has a 52-week low of $9.87 and a 52-week high of $12.03. The stock has a market capitalization of $691.70 million, a P/E ratio of 22.17 and a beta of 0.76. The stock’s 50-day moving average is $11.65 and its two-hundred day moving average is $11.71.

Amplify High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 29th were given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date of this dividend was Thursday, January 29th.

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.