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

Amplify High Income ETF (NYSEARCA:YYY) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 479,401 shares, an increase of 60.5% from the January 15th total of 298,656 shares. Based on an average daily volume of 383,034 shares, the short-interest ratio is presently 1.3 days. Currently, 0.8% of the company’s stock are short sold. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 383,034 shares, the short-interest ratio is presently 1.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of YYY. Wells Fargo & Company MN boosted its position in shares of Amplify High Income ETF by 21,474,050.0% in the fourth quarter. Wells Fargo & Company MN now owns 429,483 shares of the company’s stock valued at $4,943,000 after acquiring an additional 429,481 shares during the period. LJI Wealth Management LLC boosted its holdings in Amplify High Income ETF by 14.1% in the 4th quarter. LJI Wealth Management LLC now owns 1,710,583 shares of the company’s stock valued at $19,689,000 after purchasing an additional 211,845 shares during the period. LPL Financial LLC grew its position in Amplify High Income ETF by 3.6% in the 4th quarter. LPL Financial LLC now owns 2,846,681 shares of the company’s stock worth $32,765,000 after purchasing an additional 99,341 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Amplify High Income ETF by 86.6% during the 3rd 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 period. Finally, Raymond James Financial Inc. increased its holdings in shares of Amplify High Income ETF by 48.8% during the 2nd quarter. Raymond James Financial Inc. now owns 250,691 shares of the company’s stock worth $2,936,000 after purchasing an additional 82,164 shares during the period.

Amplify High Income ETF Stock Performance

Shares of Amplify High Income ETF stock traded up $0.07 during trading on Friday, hitting $11.84. 324,105 shares of the stock traded hands, compared to its average volume of 352,727. The stock has a market cap of $706.85 million, a P/E ratio of 22.17 and a beta of 0.76. The company has a fifty day moving average price of $11.66 and a two-hundred day moving average price of $11.71. Amplify High Income ETF has a twelve month low of $9.87 and a twelve month high of $12.03.

Amplify High Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 29th were paid a $0.12 dividend. The ex-dividend date was Thursday, January 29th. This represents a c) dividend on an annualized basis and a yield of 12.2%.

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.