Amplify High Income ETF (NYSEARCA:YYY) Short Interest Update

Amplify High Income ETF (NYSEARCA:YYY) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 298,656 shares, a growth of 34.5% from the December 31st total of 222,094 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 341,129 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 341,129 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.5% of the shares of the company are sold short.

Amplify High Income ETF Stock Performance

Shares of YYY remained flat at $11.65 during trading hours on Friday. 556,201 shares of the company were exchanged, compared to its average volume of 362,040. The company has a market cap of $687.93 million, a P/E ratio of 22.17 and a beta of 0.76. The company’s 50 day moving average is $11.65 and its 200-day moving average is $11.71. Amplify High Income ETF has a 1-year low of $9.87 and a 1-year high of $12.03.

Amplify High Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Investors of record on Thursday, January 29th were paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date was Thursday, January 29th.

Hedge Funds Weigh In On Amplify High Income ETF

A number of hedge funds have recently bought and sold shares of YYY. LJI Wealth Management LLC increased its holdings in Amplify High Income ETF by 0.6% in the third quarter. LJI Wealth Management LLC now owns 1,498,738 shares of the company’s stock valued at $17,700,000 after purchasing an additional 8,892 shares during the period. NWF Advisory Services Inc. lifted its stake in shares of Amplify High Income ETF by 10.2% in the third quarter. NWF Advisory Services Inc. now owns 610,595 shares of the company’s stock worth $7,211,000 after acquiring an additional 56,300 shares during the period. Intrua Financial LLC boosted its holdings in Amplify High Income ETF by 3.8% in the third quarter. Intrua Financial LLC now owns 377,974 shares of the company’s stock valued at $4,464,000 after acquiring an additional 13,679 shares during the last quarter. International Assets Investment Management LLC increased its position in Amplify High Income ETF by 1.5% during the 2nd quarter. International Assets Investment Management LLC now owns 312,932 shares of the company’s stock valued at $3,664,000 after purchasing an additional 4,590 shares during the period. Finally, Raymond James Financial Inc. lifted its position in shares of Amplify High Income ETF by 17.7% in the 3rd quarter. Raymond James Financial Inc. now owns 295,170 shares of the company’s stock worth $3,486,000 after purchasing an additional 44,479 shares during the period.

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.