Amplify High Income ETF (NYSEARCA:YYY – Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 658,626 shares, a growth of 98.9% from the June 30th total of 331,136 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average trading volume of 281,978 shares, the days-to-cover ratio is presently 2.3 days.
Hedge Funds Weigh In On Amplify High Income ETF
Institutional investors and hedge funds have recently made changes to their positions in the business. LPL Financial LLC increased its holdings in shares of 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 buying an additional 99,341 shares during the last quarter. LJI Wealth Management LLC increased its stake 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 acquiring an additional 211,845 shares during the last quarter. Osaic Holdings Inc. raised its position in Amplify High Income ETF by 9.6% during the fourth quarter. Osaic Holdings Inc. now owns 1,052,382 shares of the company’s stock valued at $12,113,000 after purchasing an additional 92,051 shares during the period. NWF Advisory Services Inc. lifted its stake in shares of Amplify High Income ETF by 3.4% in the 1st quarter. NWF Advisory Services Inc. now owns 671,945 shares of the company’s stock valued at $7,412,000 after purchasing an additional 21,900 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings 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 purchasing an additional 429,481 shares during the period.
Amplify High Income ETF Trading Down 0.4%
Shares of YYY stock traded down $0.04 on Thursday, reaching $11.24. The company’s stock had a trading volume of 229,134 shares, compared to its average volume of 390,327. The stock’s fifty day simple moving average is $11.46 and its 200-day simple moving average is $11.49. Amplify High Income ETF has a 1 year low of $10.69 and a 1 year high of $11.93. The company has a market capitalization of $721.05 million, a price-to-earnings ratio of 22.17 and a beta of 0.71.
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.
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