Amplify High Income ETF (NYSEARCA:YYY) Short Interest Update

Amplify High Income ETF (NYSEARCA:YYY) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 1,055,115 shares, a growth of 93.1% from the April 15th total of 546,341 shares. Based on an average trading volume of 296,112 shares, the days-to-cover ratio is currently 3.6 days. Currently, 1.7% of the shares of the company are short sold.

Institutional Investors Weigh In On Amplify High Income ETF

Hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its stake in shares of Amplify High Income ETF by 21,474,050.0% in the 4th quarter. Wells Fargo & Company MN now owns 429,483 shares of the company’s stock worth $4,943,000 after buying an additional 429,481 shares during the last quarter. LJI Wealth Management LLC increased its position in Amplify High Income ETF by 14.1% during the fourth quarter. LJI Wealth Management LLC now owns 1,710,583 shares of the company’s stock valued at $19,689,000 after acquiring an additional 211,845 shares during the last quarter. LPL Financial LLC lifted its holdings in Amplify High Income ETF by 3.6% in the fourth quarter. LPL Financial LLC now owns 2,846,681 shares of the company’s stock valued at $32,765,000 after acquiring an additional 99,341 shares during the period. Osaic Holdings Inc. lifted its holdings in Amplify High Income ETF by 9.6% in the fourth quarter. Osaic Holdings Inc. now owns 1,052,382 shares of the company’s stock valued at $12,113,000 after acquiring an additional 92,051 shares during the period. Finally, Larson Financial Group LLC boosted its position in Amplify High Income ETF by 86.6% in the third quarter. Larson Financial Group LLC now owns 190,039 shares of the company’s stock worth $2,244,000 after purchasing an additional 88,200 shares during the last quarter.

Amplify High Income ETF Stock Performance

Shares of YYY traded down $0.13 during mid-day trading on Friday, hitting $11.45. 265,411 shares of the company traded hands, compared to its average volume of 385,594. The stock has a market cap of $705.89 million, a price-to-earnings ratio of 22.17 and a beta of 0.73. The stock has a 50-day moving average price of $11.32 and a two-hundred day moving average price of $11.55. Amplify High Income ETF has a 1 year low of $10.69 and a 1 year high of $11.93.

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.