Short Interest in Amplify High Income ETF (NYSEARCA:YYY) Drops By 50.1%

Amplify High Income ETF (NYSEARCA:YYYGet Free Report) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 301,401 shares, a drop of 50.1% from the July 30th total of 603,651 shares. Based on an average daily volume of 298,633 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in YYY. Western Wealth Management LLC acquired a new stake in shares of Amplify High Income ETF during the first quarter valued at approximately $66,000. LFA Lugano Financial Advisors SA acquired a new position in Amplify High Income ETF in the 1st quarter worth approximately $70,000. Fifth Third Bancorp purchased a new position in shares of Amplify High Income ETF during the first quarter valued at $77,000. Triumph Capital Management purchased a new stake in Amplify High Income ETF in the 3rd quarter worth about $105,000. Finally, Comerica Bank lifted its stake in Amplify High Income ETF by 119.4% in the 4th quarter. Comerica Bank now owns 11,006 shares of the company’s stock worth $127,000 after acquiring an additional 5,989 shares in the last quarter.

Amplify High Income ETF Stock Performance

YYY traded down $0.03 during trading on Monday, reaching $11.23. The company had a trading volume of 537,607 shares, compared to its average volume of 378,113. The firm’s 50-day simple moving average is $11.44 and its 200 day simple moving average is $11.44. The company has a market cap of $722.65 million, a price-to-earnings ratio of 22.17 and a beta of 0.72. Amplify High Income ETF has a 12-month low of $10.69 and a 12-month high of $11.93.

About Amplify High Income ETF

(Get Free Report)

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.

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