Amplify High Income ETF (NYSEARCA:YYY) Sees Significant Decrease in Short Interest

Amplify High Income ETF (NYSEARCA:YYY) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 334,128 shares, a drop of 55.5% from the May 31st total of 750,048 shares. Based on an average daily trading volume, of 685,104 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.5% of the shares of the stock are sold short.

Amplify High Income ETF Trading Up 0.2%

Shares of NYSEARCA:YYY traded up $0.02 during midday trading on Tuesday, hitting $11.53. 698,588 shares of the stock were exchanged, compared to its average volume of 407,985. Amplify High Income ETF has a twelve month low of $10.69 and a twelve month high of $11.93. The company has a 50 day moving average price of $11.48 and a 200-day moving average price of $11.50. The stock has a market cap of $710.82 million, a P/E ratio of 22.17 and a beta of 0.72.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. CreativeOne Wealth LLC lifted its stake in Amplify High Income ETF by 109.6% in the 3rd quarter. CreativeOne Wealth LLC now owns 94,025 shares of the company’s stock valued at $1,110,000 after buying an additional 49,164 shares in 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 worth $19,689,000 after buying an additional 211,845 shares in the last quarter. World Investment Advisors raised its holdings in shares of Amplify High Income ETF by 107.8% in the fourth quarter. World Investment Advisors now owns 156,056 shares of the company’s stock worth $1,796,000 after acquiring an additional 80,942 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Amplify High Income ETF by 0.9% in the fourth quarter. HighTower Advisors LLC now owns 123,596 shares of the company’s stock worth $1,423,000 after acquiring an additional 1,052 shares during the last quarter. Finally, Harbour Investments Inc. boosted its stake in shares of Amplify High Income ETF by 15.7% during the fourth quarter. Harbour Investments Inc. now owns 16,142 shares of the company’s stock valued at $186,000 after acquiring an additional 2,192 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.