Amplify High Income ETF (NYSEARCA:YYY) Stock Short Interest Declines 40.7%

Amplify High Income ETF (NYSEARCA:YYY – Get Free Report) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 303,175 shares, a drop of 40.7% from the August 31st total of 511,617 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 462,046 shares, the short-interest ratio is currently 0.7 days.

Amplify High Income ETF Stock Performance

Shares of YYY traded down $0.04 during trading hours on Thursday, reaching $10.34. 1,170,533 shares of the company traded hands, compared to its average volume of 397,244. The stock’s fifty day moving average is $11.13 and its 200 day moving average is $11.31. The stock has a market cap of $658.14 million, a P/E ratio of 22.17 and a beta of 0.73. Amplify High Income ETF has a 1-year low of $10.25 and a 1-year high of $11.92.

Hedge Funds Weigh In On Amplify High Income ETF

Large investors have recently added to or reduced their stakes in the company. VectorGlobal IAG Inc. acquired a new stake in shares of Amplify High Income ETF during the 1st quarter worth approximately $631,000. Wedbush Securities Inc. raised its stake in shares of Amplify High Income ETF by 37.5% in the second quarter. Wedbush Securities Inc. now owns 325,327 shares of the company’s stock valued at $8,732,000 after purchasing an additional 88,794 shares in the last quarter. PFG Investments LLC raised its stake in shares of Amplify High Income ETF by 491.1% in the first quarter. PFG Investments LLC now owns 65,527 shares of the company’s stock valued at $723,000 after purchasing an additional 54,442 shares in the last quarter. World Investment Advisors lifted its position in 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 purchasing an additional 80,942 shares during the period. Finally, LFA Lugano Financial Advisors SA acquired a new stake in Amplify High Income ETF during the first quarter worth $70,000.

Amplify High Income ETF Company Profile

(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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